This video was deleted a very very long time ago. Base on what I have found online, SC use to label their videos in number sequence (i.e. SC001 SC002, SC003, etc.). The video below was SC069. There was another part to it. It was SC068 or SC070. I think around 2005 SC removed the videos from their site.
Basically the video below was during Mardi Gras in 2002. As you can see the guys seem random people. Not sure if it was staged and the flashers are actors or real random civilians. If it was random people, I can see SC removing it due to not having permission from the people to post and monetize the video (I'm just assuming here).
I can't find part one. Here is a link to a trailer for part 1
Sean Cody | Mardi Gras 2002, Pt. 1