I remember me and my younger brother getting this from a toy store in the big city when we were seven or eight. The game is played on a TV and your controller is the PowerJet XT-7 - yes, the motherfucking jets from the TV series. These light gun games were the early pioneers to more sophisticated light guns controllers like the Nintendo Zapper and eventually, boring video game controllers like the Wii, Kinect, Move and whatever.
The PowerJet toys comes with several VHS that you play on a TV. Each tape contains two scenes of live action sequences (hmm, Jessica Steen) spliced with animated missions (it was like Wing Commander - which came after it, but even more awesome). You play by holding each controller jet and firing at pink targets on the TV. Occasionally enemies will fire back in the form of epileptic bright yellow flashes, in which case you retract your ship to avoid being 'shot at'.
Captain Power ad via