Pinocchio's Birthday Party (1973)
80-odd minutes of nightmare fueled, live action/puppet/stop motion weirdness. Very similar to "Santa and the Ice Cream Bunny" in that a lot of its runtime is given to unrelated stories (Puss-in-Boots, Little Drummer Boy). Very unsettling mood.
John Bladel commented
Looks like "Romper Room Does Fairy Tales."
I'm all for riffing it.
Bob Jones commented
This sounds like a great choice!