The Collaborative International Dictionary of English v.0.48:

Raree-show \Rar"ee-show`\ (r[^a]r"[-e]-sh[=o]`), n. [Contr. fr.
   rarity-show.]
   A show carried about in a box; a peep show. --Pope.
   [1913 Webster]

WordNet (r) 3.0 (2006):

raree-show
    n 1: an exhibition of pictures or objects viewed through a small
         hole or magnifying glass [syn: peepshow, raree-show]
    2: a street show