Clothestime, Dance
A sexy woman in sunglasses and high heels walks onto a white background with a boom box and begins dancing while stripping. Eventually, we see that it is a muscular guy.
A female narrator says, "If Clothestime can make Paul look this good, imagine what we can do for a real woman."
Of course, it's the makeup artist that makes Paul look "good," much more than the clothes. The joke here is the age-old cliche of "Surprise, she's a man!" which is not too nice to transgendered people.
This spot accompanies two others from Clothestime -- a similar male one and a much more flattering one for lesbians.