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You can play in the same key as the 1st video in GCEA tuning, with only some minor variations, if you put your capo on the 1st fret!
"A Marshmallow World" was first a hit for Bing Crosby (backed by the Lee Gordon Singers and Sonny Burke and his Orchestra). Crosby's version, recorded in 1950, peaked at No. 24 on Billboard's Best Selling Pop Singles chart in the issue dated January 6, 1951. Other artists who recorded the song in 1950 include Ray Anthony, Vic Damone, Johnny Desmond, Arthur Godfrey, and Vaughn Monroe.
"A Marshmallow World" is commonly regarded as a Christmas song, although the lyrics make no mention of the holiday.