The Bent Hole.

A woman in a black and white ruffled outfit performs a handstand on a stage, her face visible upside down, while a blonde woman in a feathered hat and a green corseted outfit stands on stage in front of an audience wearing cowboy hats. The scene alternates between the handstand performer and the blonde woman, who turns her head to the side with her mouth open, and a wider shot showing the stage performance in a dimly lit room with wooden walls and red curtains.