The series, which became a cult TV classic when it originally aired on Channel 4 in Britain, is the ultimate comedic interactive betting show. BANZAI challenges the audience with a series of practical jokes, unpredictable stunts and hilarious gags and encourages viewers to bet each other on the final outcome. Some of the outrageous scenarios include: "The Michael Jackson Reverse Race Rendezvous," in which Michael Jackson impersonators are placed on an ice rink and viewers must predict which one can moonwalk the fastest; and "The Man Dog Stick Question," in which a stick is thrown into a swimming pool and viewers must choose who retrieves it first: Todd Bridges of "Diff'rent Strokes" or a dog?

The show is hosted by MR. BANZAI, a mysterious figure who is like an enigma wrapped within a conundrum. He oversees most of the bets on the show and is considered to be somewhat of a judge in all matters BANZAI. The show also features a wild cast of BANZAI characters who host the bizarre scenarios. These include: CHEEKY CHAPPY, the lovable rogue who dreams of one day creating the perfect Naked Lady Gamble; LADY ONE QUESTION, the intrepid interviewer who simply asks celebrities a question, then does absolutely nothing; and MR. SHAKE HANDS MAN, who has perfected the science of handshaking as he tries to see how long he can shake hands with celebrities before they pull away.