Aside from Criterion, I don't think too many of the studios were going the extra mile in proper video transfers of old dodgy print elements, even in the early 90's.
I just watched an animated film on a Hong Kong Laserdisc, (circa 1990) and I was surprised at the tracking errors and dropouts of the video master used. The soundtrack was in mono in spite of a Ultra Stereo credit at the end.
The white fiend is Coily the Spring Sprite, star of the short film "A Case of Spring Fever", made infamous by Mystery Science Theater 3000. :)