It was too short to really enjoy. Wouldn't the worm be in pain from being impaled on that hook? Well, I guess it's not supposed to make much sense. The animation isn't bad. I actually found the fish and worm to have a pretty good design. The music was okay.
This isn't that well known, because there's nothing interesting about it. The colors are just fine. It just doesn't do much for me. You need to have more going on. I guess I've never heard that joke before.