The pantsuits; the not-quite-matching (to be kind) granny dresses; and oh, my God, the hairdos, male or female. Only the fact that none of the girls are Andrea Martin convinces me that this isn't really a lost SCTV skit.
I don't know what will strike you as scariest, but my vote is either with the sub-Bjorn male lead at 1:25 or the Catskilliscious zombie keyboardist at 2:12. Any Russophils out there who can shed any light at all on this true time capsule of terrible?
(And, no, I'm not proud that I stole the headline from a Youtube commenter - but really, could I resist?)