Close, but no donut. The Valley of Ben Hinnom was an accursed place where Jews burned garbage constantly, and also creamated and buried bodies. Corpses would decompose there, thus their "worm never dies". This is not some cartoonish place where demons run around burning everyone, this was a real place on earth. Later Rabbinic Judaism made the concept more like Purgatory, but there's no evidence of this view in the New Testament. It is always associated with total annihilation, and it is not clear whether even this was actually meant or merely used as a colloquialism.

If you suffer punishment you will get an eye for an eye and a tooth for a tooth, an ideal Jesus opposed in favor of mercy. That means archons want to have you reincarnated to suffer as much as your guilt will allow them to force you. But now we have a way to remove it.