Joke or not?

I honestly can't figure it out. If there wasn't an actual IMDB page for this, I'd think it was some Funny or Die like joke. But such an IMDB page does exist, so I'm just left befuddled.

Gooby



It's like Teddy Ruxpin and Fozzy Bear were kidnapped by some mad scientist, sliced into feathery pieces, thrown into some mass-expanding life machine, and cast out into the world of tongue-in-cheek family cinema.

God I love the limitless of film.