Adult competitors perform for kid judges, vying to win the $1000 prize for the best act. However if the kid judges aren't impressed, they give a 'zoink' - after three 'zoinks', the performance stops, and the competitors get covered in goo.
Adults compete in a gladiatorial arena fore the sedistic children overlords. Many enter one leave with their life. The children choose the humiliating punishments for the pathetic losers as they weep in a pool of their own blood sweat and tears.