This is great, but to be very picky
The piece is fun and shot beautifully. Most of the puppeteering looks good to me. I won't call out some of the performances that seem not-so-strong, of course. But even those are obviously from working professionals.
The band choice makes sense, but the songs they picked don’t have the same narrative strength like the Muppets' vid does. Avenue Q is a fantastic show, but residents are the "champions" of what exactly in this instance? I feel that requires some sort of visual representation in the world of the piece. Bohemian Rhapsody is much more suited to the avant garde.
Still, this is a great vid that I've forwarded to many friends. Great production value. Shooting puppets and theater in this context presents a challenge and they did a phenomenal job at that.