Movie starts in central park, girl runs through portal and lands in fantasyland (fairytale) type place where she needs to find her way back. There is a singing ring, Snowwhite played by Rosie O'donell, and a wolf who falls in love with her, at one point she is cursed with rapunzel hair that she needs to carry throughout the scene, she needs to get to the magic mirror to get back, and so joins a contest to win the mirror as the prize. The contest is a sheep beauty contest where she sings a song music goes to the tune of "we will rock you" but the lyrics are "we will, we will shear you" There are all kinds of fairytale people in this land and it is hilarious! Came out in the mid-to late 80's I think. And the title was maybe "The Legend" but I have never found it and I would like to own it!
