From some weird wiki site: The Hypnotic Eye was a cable-access comedy show that aired exclusively in Dallas in the late 90's. It was created by Joe Riley.
The format of The Hypnotic Eye was a mish-mash of bizarre sketches presented by an orange puppet with no face, but a single large eye (hence the title). Despite the unconventional setup of the show and the lack of budget, the show was surprisingly popular and ran over the course of a few years. The running time for each episode was about an hour, with the first episode being aired in 1996. Joe Riley, the show's creator, has since passed away.