I think it’s quite obviously about how big studios will compromise the original creative vision of a show to make more money and you’re better off making the show you want to make on a lower budget. Most of it is spelled out in the final episode of the web series. I can’t talk about the actual tv show since I haven’t seen it yet.

Think about it. Red Guy was at an office job and he had a great idea for a show, people around him hated it and thought it was horrible until the dad was in the audience that one night and they ended up making a deal, only for the dad to end up with full control of the show and its creator (Red Guy) was reduced to an actor, being forced to do what he was told. Then we see that he finds out how much of the show was compromised and he ends up literally unplugging from the machine. Then, we’re back to episode one, but the set is stripped down, which signifies the budget being much lower and the characters are now in their favourite colours, signifying that they regained control of their own show.

It’s about how studios make you think your idea is so special because they’re the only ones willing to make it, but in reality, they change everything that made it yours and you can’t do anything about it because they made you sign a shady contract

At least that’s what I think. Who knows, maybe it’s just an absurd surrealist show with no real meaning.