Stephen Jones (the actor) does stand-up at BYU with the stand-up comedy club, Humor U. He did a bit in a stand-up show where he imitated the Old Spice guy as an old man; it probably sparked the idea for the commercial.
This video was written, directed, and produced by a team of students who work in the library. It was shot in the library on a Saturday. The students usually work recording lectures and supporting other campus projects.