As we are on lockdown and only 2 people, we didn't have an opportunity to play it properly, but I dug into everything I could.
Your ruleset is clear, concise, and as entertaining as I'm betting the game is! The "Name That Tune" bidding element is fantastic. I could see this getting quite heated in the best way. But I think where that shines is the betting time as currency. A nice addition.
I took a look at the word list, too. Yo. A lot of these are bonkers! Which is great! As others have said, having a common lexicon of inside jokes would 100% add to the humor of the game, but I also think as a team-building or ice-breaker activity it would allow players to stretch their communication and creativity skills. It appears to hit both sweet spots - exploring commonality among players - in a way a lot of these "shared brain" party games often don't.
Best news for you, I think, is this would be the easiest to produce. It might work best as an app and not strictly a tabletop game, but I could see this having legs.
Cheers!