Interesting piece of toonhead satire we got here.
Is this the first instance of someone saying "these cartoon characters are on drugs"?
Stuff like this and Bring Me the Head of Charlie Brown being made during the times they were in proves there will always be an audience for "edgy", "adult" parodies of children's cartoons.
Albeit this one is much more held back, as the Looney Tunes was still seen as an adult thing, so the filmmakers were wise enough to hold things back and not desperate to please a bunch of horny, trigger-happy teenagers.
I do like Magilla Gorilla coming in at the end.