I don't know, probably not. But Coke's marketing is more towards lifestyle in general. Red Bull is explicitly associated with "being active", "sports", even "high endurance" and "extreme situations". But in these situations, you won't need a Red Bull. Red Bull establishes a fake image that, to some degree, is the exact opposite of the actual product.
I think what he means is this: When I'm tired from snowboarding, skateboarding, or really any of the extreme sports they sponsor; Do I feel like grabbing a Red Bull, or do I want water (and 5 minutes to catch my breath)?