What the heck is "Alakazam the Great?"

I've been checking out this Comet channel lately. Lots of old, low budget SciFi stuff.

This morning they're running

quote:

---

Alakazam the Great (??? Saiyu-ki?, lit. "Journey to the West") is a 1960 Japanese musical anime film, based on the Chinese novel Journey to the West, and was one of the earliest anime films to be released in the United States. Osamu Tezuka was named as a director of the film by Toei Company. However, Tezuka later stated that the only time he was in the studio was to pose for publicity photos.[1] His involvement in promoting the film, however, led to his interest in animation.[2]

---

I won't post the rest of the wikipedia description spoilers, but even after reading it I don't understand any of this. I just know I haven't been able to change the channel since it came on.