My guess is some fair or carnival with killer clowns...a Killer Klowns original take?
Gif 1 - the clowns could be people instead of aliens in this interpretation
Gif 2 - this line is directly after Jerry makes a joke about the Insane clown Posse
Gif 3 - this references roller coasters, carnivals
Still not sure how the babylegs hints connected to DEPZ, but I wasn’t tryin too hard back then so it could be obvious.