I told you guys that I would track this down!
The tickling is FFFFFFFFFFFF/MM upper body.
The Lers are all gorgeous young women, the lees: One is thin, 30ish and kinda whimpy. The other a bit heavier, late 40ish, bad landlord type. The girls over power them and force them to the ground. The begin "punishing" them by hitting and punching, then pinching and them they gang tickle them under the arms and on their ribs and bellies.
Played up for comedy.
Very cute and VERY un-Shaw Bros.
I found a random store in NYC that had one copy of a VCD.
Peace,
Ticklehunter.