My review was written in December 1987 after watching the show on Active video cassette.
"Fantasy Masquerade' is a typical party tape, shot at a nightclub where nine strippers in character costumes go topless and two comics kill time with the rowdy, drunken crowd. Program has a ridiculous applause and laugh machine track to "sweeten" the crowd reaction.
As usual, pro peeler Venus Delite is the best thing on view, doing her acrobatic, double-jointed routine and displaying a perfect body. The young crowd, however, select a dominatrix type (replete with whip) as their favorite in the competition. Appearing as "Julie, the Cheerleader" is cheerful B-picture starlet Jewel Shepard.