Per YouTube, the video features Enrico Caruso singing "La donna e Mobile"* (from Rigoletto (wiki)) circa 1908 and clips of films taken in New York City dating from 1898 to 1906 from the Library of Congress.
"La donna e Mobile" translates as "woman is fickle".
h/t Miss Cellania
Predating the Seven Year Itch subway scene by fifty years or so... ;-)
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