The only thing I like in that show is the brief moments when Jim Carrey pops up. The other stuff doesn't do much for me, I'm afraid. But I occasionally tuned it when they showed it on Norwegian TV a few years ago.
It had its moments (usually whenever Jim Carrey or a Wayans brother was on screen), but overall I was never really into it. I was much more of a Saturday Night Live fan, especially during this particular early-/mid-90s period.
*Love* it. From "Men on [Whatever]", Jim Carrey doing his reverend antics or especially his "background camera" stuff, to David Alan Grier doing his "breastises, I gotta have 'em!" to "wanna hear it, here it goes" folk/acoustic songs, I'm in. A wonderful show that's only gotten better with age!
To me, In Living Color is one of the funniest sketch comedy shows of all time, along with Monty Python's Flying Circus, The Kids in the Hall, Chappelle's Show, SNL (now and then, mostly then), and The Upright Citizen's Brigade.
In jr. high and high school, my friends and I used to tape (yes,on VHS) episodes and watch them over and over and over and over and over...