It looks like the Waterman movie was never made. Well, it was never shown here anyway. This reminds me of KFK's Adventures. You know, a spinoff made before the main cartoons can be created. Humpty Dumpty doesn't look like an egg. He's flesh colored.
He looks more like just some fat guy. Why was his ghost green? Or I guess his spirit. It shouldn't have been a loop. That only works if it's a song.