In Vice Ganda's "WALLET RAID WITH IT'S SHOWTIME HOSTS," the fun-filled video showcases the hosts going through each other's wallets, revealing quirky items and personal secrets. The playful banter and camaraderie among the hosts create a lighthearted atmosphere, highlighting their unique personalities. Viewers get a glimpse into their lives and enjoy the humor that comes from unexpected findings in their wallets, making it an entertaining watch.