Old NWA territory out of Mobile, AL has an awesome theme. According to the uploader, timmy8271b, this is from January 1977. Another YT commenter points out that the footage in the opening montage is of the Andersons, Ole and Gene. It's hard to tell, but the one guy's hair does look like Gene's. Also the boots on the other guy certainly appear to be the trademark "Anderson" boots.
I am an absolute mark for videos like this. YouTube is one of the best things that could ever happen as it relates to exposing old-school wrestling to the current generation.
Upload Credit: timmy8271b