The Mighty Boosh/WMG

At least the first season is a series of plays Vince and Howard put on for their parents.
This explains the episodic nature of the show, the Negative Continuity, the purposefully low budget look of the set pieces/costumes, complete lack of a fourth wall (as children often break character to explain bits to their parents), and the overall whimsical nature inherent throughout.

The entire show is Howard and Vince acid tripping together.
Naboo's their shady dealer.

Freudian interpretation:

 * Vince- the Id, base pleasure-seeking drive
 * Howard- the Ego, as he is rather more reasonable
 * Naboo- the Superego, always bailing Howard and Vince out of trouble