Take Cirque Du Soilel style acrobatics, subtract the pretentious music, add an insult comic, compress the acts for time and space and you've got Absinthe.
Everything's got a slightly sexual twist. For example, the two female trapeze artists wear schoolgirl outfits instead of leotards but it's more cabaret pasties than strip club (there's no actual nudity, but plenty of explicit body part jokes.)
Awesome if you like Cirque, have a bawdy sense of humor, and don't like shows that are too long (or maybe it just didn't feel very long, which is a good thing.)
Minus one star for the boring aerialist (all the other acts were awesome) and some occasional moments of uncomfortable "Er wait, that's not actually funny" humor.