Taiwan + Cosplay + Dynasty Warriors = What the Hell did I just watch?

 
Apparently, this TV show (which I can only assume is called Game Movie) is popular in Taiwan, but I can’t for the life of me figure out why. Koei Warriors insists the above clip is funnier if you understand the Chinese subtitles, but to the rest of us, it’s confusing and alienating. 
 
Also, I had to sit and watch this utterly stupid parody of Dynasty Warriors, so now I’m making the rest of you suffer.
Jim Sterling