At the beginning, the show seemed pretty funny. The situations seemed very unlikely to work unless they were scripted. It seemed more like a Saturday Night Live skits show than a prank show. I had a few laughs.
Unfortunately, the writers started re-using ideas pretty quickly. I have seen about 3-4 variations of the magic cream sales show. Even the main actors seem to have trouble laughing and acting like the shock ending is a surprise. The victims are all now recognizing that they are on "Fameless" which seems very unlikely considering that this show is usually on at 3 in the morning, and I am guessing the audience rating is just over zero.
If you can get the first season, I thought it had a few funny moments.