No, this wasn’t Black Sabbath’s attempt to make their own Yellow Submarine, this is actually just a (pretty darned brilliant) parody from the short-lived Comedy Central series, TV Funhouse.
The band goes on vacation in Hawaii to unwind after a tour. Ozzy, naturally, is portrayed as a befuddled idiot, Bill’s drunk as hell and Geezer and Tony are stuck-up, disapproving snobs. Produced by Robert Smiegel, animated by John Schnall and written by Metalocalypse co-creator Tommy Blacha.
Some drug-damaged YouTube commenters—and no doubt Ozzy himself—seem to think they remember this from the 1970s!!!