The video shows the Mercury-Redstone rocket firing and then immediately shutting its engine off. Shortly after, the launch escape tower got the signal that the engine had shut down, so it detached itself. Then the drogue chute, followed by the main and reserve chutes, were ejected due to the rocket thinking it had finished its course.
From Wikipedia:
“Mercury-Redstone 1 (MR-1) was the first Mercury-Redstone mission in the Mercury program and the first attempt to launch a Mercury spacecraft with the Mercury-Redstone launch vehicle. Intended to be an unmanned sub-orbital flight, it was launched on November 21, 1960 from Cape Canaveral, Florida. The launch failed in a peculiar fashion which has been referred to as the “four-inch flight“.“
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