The make up is pretty sweet and each story is a folklore/fable to the 3 characters sent to the carnival.
Honestly the music is pretty good. I would honestly volunteer to be a part of this carnival. I don't have a great singing voice but it'll still be fun.
This movie is pretty short, 55 minutes, but it gives you some great songs and imagery of a hellish carnival. If you like musical horror like Repo! The Genetic Opera (2006) and Rocky Horror Picture Show (1975) then this might be up your alley.