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Can a company market a submarine but then define a submarine as a lamp in their ToS and you’d just be out of luck?

No, because a ToS can’t cure an obviously false advertisement, but when looking at what a reasonable consumer would take away from the advertisement, you can see the ToS is clarifying what a reasonable person would already assume – namely that MrBeast, before sending 42 junior high students to fight to the death in a chocolate factory, spending 45 seconds in order to rave about how much he loves to put Hello Kitty-branded capsaicin under his foreskin isn’t something that YouTube Premium is going to get rid of.

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Can a company market a submarine but then define a submarine as a lamp in their ToS and you’d just be out of luck?

No, because a ToS can’t cure an obviously false advertisement, but when looking at what a reasonable consumer would take away from the advertisement, you can see the ToS is clarifying what a reasonable person would already assume – namely that MrBeast raving for 45 seconds about how much he loves to put Hello Kitty-branded capsaicin under his foreskin isn’t something that YouTube Premium is going to get rid of.