Muppet Classic Theater is completely awesome. I used to watch it over and over when I was younger and I just watched it recently with my roommate (who had never seen it) and we both laughed ridiculously. I love all of the fairy tales. My favorite as a kid was The Boy Who Cried Wolf. My sister and I used to sing that song ad nauseum. I also love Gotta Get That Name, specifically because of Eugene the Mink/Weasel (I think he's a weasel) from Muppets Tonight and the AWESOME way he dances. If you haven't seen it I can't even explain how funny I found him--and STILL find him... Everytime I see it I laugh.
Also, at the end of Elves and the Shoemaker, Steve's performing Kermit and Jerry's performing Robin and Rizzo enters. Usually they just substitute another performer and then dub the voice over later, but they definitely missed this one, because Rizzo's voice is definitely that of Dave Goelz!! Hehe. I love little goofs like that
So anyway, yeah, I love Muppet Classic Theater. It's a shame a lot of people haven't seen it. It's definitely geared down, but still entertaining.