This image seems like the colored version of this engraving of Pieter Bruegel the Elder, from 1550s:
More info on wikipedia about the feast: https://en.wikipedia.org/wiki/Feast_of_Fools
The Feast of Fools was officially forbidden by the Council of Basel in 1431 and again in a document issued by the theological faculty of the University of Paris in 1444; numerous decrees of lower level provincial councils followed. [...] though instances of festivals of this kind survived in France as late as 1721, in Amiens, France, and Brussels, Belgium in 1719.
So it's possible that this is not actually a historical illustration, but contemporary, as Bruegel lived from 1525 to 1569, and they still practiced this feast during that time in some places, he could see a feast like this with his own eyes.
Unrelated: the credit is a post on youtube? never seen such a thing I was looking for a play button there.