Talk about loony.

It’s borderline insane that the ludicrously funny “Coyote vs. Acme,” a cracking comedy that’s easily among the top “Looney Tunes” movies ever, was almost never seen by anybody.

Three years ago, the $70 million live-action/animation hybrid along the lines of “Who Framed Roger Rabbit?” was part of a trio of completed projects that were unceremoniously shelved and taken as a tax write-off by new Warner Bros. Discovery CEO David Zaslav.

The other victims of Zaslav’s merciless shears were “Batgirl” and “Scoob! Holiday Haunt.” They’re still gathering dust somewhere.

And, look, that was probably the financially responsible thing to do. It’s hard to imagine a Bugs Bunny movie that’s not co-starring Michael Jordan or LeBron James grossing a break-even $140 million at the box office.

Who cares, Doc? We’re talking about Daffy Duck, Tweety and Elmer Fudd here — not the sobering reality of balance sheets.

“Coyote vs. Acme,” which was happily bought from WB by distributor Ketchup Entertainment, is the dream scenario of what I wish every studio would do with their IP — play around, don’t focus-group it into generically inoffensive oblivion and retain the essential soul of our favorite characters.

That’s what’s so lovable and laudable about this left-field charmer: Director Dave Green and screenwriter Samy Burch passionately grasp just how hilarious the Looney Tunes can still be nearly a century after they debuted.

The premise here is demented — and brilliant.

Wile E. Coyote has spent an eternity attempting to, well, violently kill the Roadrunner, only he’s been thwarted by a ton of malfunctioning Acme products.

One sad night after another failure caused by backfiring rocket skates, the too-determined 2D assailant sees an ad on TV for a personal injury lawyer.

“Have you ever set a big stack of TNT on the road hoping to blow up your nemesis, but when you press the detonator the detonator itself explodes?,” dryly asks Will Forte’s Kevin Avery.

“It’s not your fault. There’s probably somebody to blame.”

Finally, somebody understands his plight.

This is a world — or, rather, an Albuquerque — where cartoons live harmoniously alongside humans, but thankfully no one yaks on about it or overexplains it. That’s just the way things are. In poor schlub Kevin’s case, he makes a living settling for the low hundreds of dollars on malfunctioning cartoon tech cases.

Together, Wile E., Kevin and his niece Paige (Lana Condor) uncover a sinister conspiracy involving the all-powerful Acme Corporation and why so many of its inventions go haywire.

There’s an element of “Erin Brockovich” to that corporate malfeasance setup, and even an undercurrent of “All the President’s Men.” Bugs, who arrives about 45 minutes in as a whistleblower, is “Coyote”’s Deep Throat.

The key to beating Acme in court is getting the Road Runner to testify. He’s the only witness to all of Wile E.’s pain. Pinning him down is “beep beep” the biggest challenge of the movie.

There’s enough drama in that to keep the film from feeling slight, and the plot unfurls in surprising ways. Compare that to “The Super Mario Galaxy Movie” in which the plot spontaneously combusts within the first 30 seconds. The ending here actually catches you off guard with how emotional it is.

What’s so great in “Coyote vs. Acme,” though — aside from actual talented voice actors doing their jobs instead of out-of-their-depth celebs speaking in monotone — are the constant, outrageously funny jokes.

Many start subtle before making you howl.

For instance, when Wile E. first meets Kevin at his law firm, the coyote is reading a book called “How To Wait Around Dramatically.”

Later on, John Early’s TV newscaster says, “Breaking news: A mouse just broke the sound barrier.”

There are a zillion quick gags like that.

My favorite, though, is when Acme’s lawyer, played by John Cena, is berating Tweety Bird, who he hired to be an informant against Wile E.

“I tawt I taw…,” starts the canary.

“You tawt you taw?!,” yells Cena. “I’m not paying you for what you tink you taw!”

Forte, who is just as much of a riot as his “Looney” pals, is the perfect window into this alternate reality in which man and ‘mation coexist. Perhaps that’s because the “MacGruber” star is a cartoon himself.