I first discovered this weird little "gem" in 2021, which is when the restoration was made. It aired repeatedly on TCM, and is doing so again this year. Trust me, however, when I state that this is NOT worthy of the word "classic".
Even by the standards of the Forties, this is inferior-grade. I'm not familiar with the production company and the associated staff, but this must have been a decidedly low-budget effort.
The puppets are seriously creepy, and the acting is dreadful. I don't know why anyone would think that it was a good idea to make this, or why anyone decided that it was worthy of a restoration. They were sadly mistaken!