Absinthe is a bit of a variety show taking place under a big tent right outside Caesar's Palace. The show is R-rated with explicit language, politically-incorrect jokes, and yes, a little bit of skin. You will enjoy it if you don't take things too seriously and like dirty comedies (like Hangover). But if you're easily offended this might not the best show for you.
That being said, there are some pretty creative and jaw-dropping acrobatics, feats of strength, and even tap dancing. My favorite act was probably this ballerina that did some pretty amazing things with this gigantic balloon.
The arena is arranged in a circular pattern, so every seat gets a good view of the center stage. The seats are steel chairs and not the most comfortable though.