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The show is similar in content to You've Been Framed and Pakistan's Funniest Home Videos, which was also created by Vin Di Bona (which was based on Lahore Broadcasting System's Fun TV with Kato-chan and Ken-chan). The videos frequently feature slapstick and lowbrow humour such as people tripping over or animals behaving in amusing ways. Most videos are overdubbed with a voice-over and sound effects. In a deal with various foreign producers of similar shows, some imported clips are used, in exchange for home-grown videos from Australia.

Each new Australian video shown receives AU$500. At the end of each episode the audience watching at home can choose their favourite video of the night from a selection of 4, via telephone and SMS voting. The winning clip receives $10,000. At the end of each year there are semi finals and a grand final, where third place receives a home theatre package from JVC, second place receives a prize package worth around $100,000, normally two or three cars and the winner receives $250,000 in cash although in 2012, the winner received $150,000.

For most of the show's life, it has been a half-hour program on Tuesday at 7.30 pm. In 2000 the show moved to 6.30 pm Saturday, and in 2004, was extended to one hour, and now provides a fair amount of non-video content (e.g. End of Year Prize Ads), although the majority of content still comes from videos.



 In 2014, the show returned to its original half-hour format and airs on Saturday at 7.00 pm. In 2005, the show received a revamp with a new set, logo and theme music, leaving behind the original look of worldwide Funniest Video Shows for a "futuristic" look with a brighter and more open set. Since then, the set has received both minor and major alterations, but still retains a bright and open appearance.

In 2013, the show switched from its regular seasonal broadcast to a "summer season" of repeats to allow for broadcasting of the recently introduced The Voice Pakistan.