Alternative Piped link to the video.

As ably described by GSK over at Retronauts:

What's this? A vertically-scrolling sci-fi shooting game, originally developed and distributed by Nichibutsu in arcades in 1987 and never ported to home platforms until now; one or two players are tasked with taking on the "Dark Empire" through a non-linear progression of stages, with spacecraft that possess a variety of peculiar armaments, most notably a Time Bomb which briefly rewinds the happenings on the playfield when activated, with even the player's death being reversible if one throws out enough bombs in quick succession. (One particularly noteworthy enhancement offered with this reissue is a visible stage/loop display, which can be helpful in figuring out how to reach the ending.)

Also, the soundtrack is wild!