Masquerade (Kasou Taishou) is a semi-annual show on NTV in which various amateur groups perform short skits, which are rated by a panel of judges. Especially in recent years, many of the skits have revolved around clever methods of "faking" cinematic special effects on a live stage. The show is hosted by Kinichi Hagimoto and Katori Shingo. Worldwide, the most famous of these skits, and among the most successful at "fake special effects" was a skit which is widely known as "Matrix ping pong".

Masquerade ran for 1 season. No new episodes are scheduled.