Pretty damn funny, in my opinion. Certainly not the best of the season (my fav is still Chicken Roaster), but it had some really great parts:
a) George retelling his miserable life story to a teary-eyed board... b)...and then adding, as an afterthought, "Oh yeah, my fiancee died from licking poisonous envelopes." c) Bighead d) Kramer as Lassie
And best of all, not one mention of Christmas (except for a few decorations).