What the hell is this!?

From the WMFU Blog:

Kure Kure Takora, aka Gimme Gimme Octopus, an insane 60s Japanese TV show for kids, starring an octopus and a peanut who are in love with the same walrus. However, love stories are notoriously boring, so the creators of this series made the wise decision to drop copious amounts of acid, and to infuse the series with lots of crime, gratuitous violence, and drug use.

And loads more videos here.