Barney and the Backyard Gang - Waiting for Santa (1990) [1993, VHS] (red cover edition)
From the back of the cover:
"Barney the Dinosaur uses his magic and whisks the Backyard Gang and their new friend Derek to the North Pole. There they meet a magical snowman, frolic on the ice, pretend to be elves in Santa's workshop, and - best of all - learn the true meaning of friendship. This video stresses positive values and creative expression in play. Show features: live action • traditional songs and rhymes • stories filled with fantasy, magic, and surprises."
Remastered in 60 frames per second (or rather, 59.97 frames per second)