This is actually part three of Cobra the musical, part I having been rewritten extensively since the Toronto show you saw, Raptor. Part I, Cobra the Musical, was about Cobra producing a version of Hamlet to pay off their terrorist debts. Part II, Cobra Christ Superstar, was about Cobra Commander starting his own religion, only to be crucified by Destro and overthrown. Part III, Cobra Christmas Carol, seems to be about A Christmas Carol.