I hadn't until I read your post
& for others interested it's The Checkout Series 2 Episode 5. Not sure whether it's legal to post the link to the episode so I won't but Google is your friend.
Just quietly, I think Samsonite would be more worried as the program gives them a serve about how their 'limited 10 year global warranty' doesn't cover "damage caused by transport eg airlines".
I found the program's parody of Jack & the Beanstalk quite clever & imaginative however IMHO Aunty adopted the same old stance by used by consumer advocacy groups pretty much saying it's not worth it & citing the example that if you had an ANZ American Express frequent flyer card with a $95.00 annual fee (one point earned per $1.00 spent) you'd have to spend $9,500.00 just to cover the cost of your annual fee.
Another example was the ANZ Visa freq flyer Visa card (one point earned per $2.00 spent) where poor old Jack would need to spend $19K then a further $16K to earn a one way SYD/MEL ticket on points.
I did think it was misleading of the program to say if using your points to upgrade "you can be pushed aside by someone with higher status" as it gives the impression that an NB may have an upgrade confirmed which can be lost if a WP comes along at a later date wanting it. Sure, a WP may get priority when points upgrades are processed but so they should. Just another fine example of Australian egalitarianism.
One can always look at the various Frequent flyer schemes as the glass is half full or half empty and this program focussed only on the latter.
I'm sure most of us have heard stories of people who have got hefty freq flyer point signon bonuses which in itself can earn them enough for a J class one way ticket Australia to Asia. They may have even got the credit card annual fee waived to boot.