Eight people (reality show star Kasper, bride-to-be personality Lonni, chess master, actress and martial arts star Cat Zim, Instagram personality Ula, Youtuber Nevin, singer Dex, boxer Headstone, and blogger Ximena) known for being reality show stars and social media personalities have been invited to take part in a new reality show hosted by a CGI panda named Furcas.

Every three days the contestant with the lowest number of votes must take part in a penalty game and if they lose, they are out of the running.

Unbeknownst to the contestants, the show is run by Nero Alexander, a wealthy and sociopathic man who is willing to pay people to commit murder and atrocities for his entertainment.

The ex-wife of Kasper is brought on a news talk show, where she pleads for his return and for viewers to stop watching the livestream.

In the show house, Dex unsuccessfully tries to leave and is forced to stand in a container of acid until he dies.

The wheel selects "Pass the Buck", which allows her to survive by making another contestant play a punishment game.

The FBI manages to track the signal and goes to what they believe is the right location, only to instead find a small container filled with the heads of the other contestants.

[4][5] Simon Abrams of RogerEbert.com gave the film a thumbs down, criticizing the characters as "meat puppet protagonists, none of whom are more sympathetic than their inhospitable circumstances", while also stating "What’s the point in watching a feel-bad movie about simulated violence when the gore and gamesmanship are as perfunctory and vapid as Nero’s lazy button-pushing speeches?".

[6] Chuck Bowen of Slant Magazine criticized Lee for not taking enough chances with the script, writing that "If Lee had the daring to consciously dehumanize his sacrificial lambs, or to allow them to more consistently dehumanize themselves for the sake of life-saving votes, Funhouse may have had enough sick punch to transcend its general obviousness.