You can use atlas-textures to play 'videos' or more gifs.
However you have to export every frame of the video into such an atlas texture.
I've done it with something like 144p resolution or even smaller, as these textures grow really big really fast.
It its possible - yes, but not really practical.
Any quick n dirty "howto" on these atlas textures?
"Does not work" is an error report for a bug between keyboard and chair.