Though I am a Nightmare on Elm Street fan, I was unaware this show existed until recently. It is set around the same time as the first couple movies, and takes place in Springwood which is where the movies take place. There are episodes that revolve around Freddy Krueger terrorizing citizens in their dreams, but others tell a horror story, where in the end someone gets screwed because they "should have known better." Thing is it's the 80s and it shows. It has bad acting, poor cinematography, insensitivity to women & those who are "different", and best of all it is hosted by Freddy himself. They are hour long episodes and not all are gems, but they really seem to be ripe for your picking...I mean riffing! This is a link to a promo of the third episode.
https://youtu.be/XK55DX9j3KI.