Obviously I choose to think it’s the first of the above since it’s the more positive:

They are re-broadcasting the Summer Olympics opening ceremony tonight.

It’s presumably a compilation of some sort, since it only lasts an hour and I thought the original lasted about 15 hours.

I do have a certain amount of smugness, however, since I can assure you I will not be watching it, whereas some people will watch it, whether intentionally or accidentally.