After an accident while trying to improvise a swirling hot tub, ALF loses his memory, starting to believe he's a insurance agent... In essence, it's a flashback episode, but they manage it nicely.
Generally I think flashback episodes are a waste of time, but the "between flashback" moments where ALF is trying to sell insurance, or talking to the receptionist he, or rather Wayne is having an affair with, are just hilarious. And I just love the moment when ALF is boring Willie with a description of his workplace. Talk about an amnesiac with a very active imagination. Despite the flashbacks and the sort of "catch feel" to the ep, it's still entertaining to see ALF rejecting the notion that he's an alien, and living to a perfection the role of insurance salesman.
Alf brings a hair dryer into the bathtub and coems out thinking he's Wayne Schlagel, Michigan Life and Casualty. The Tanners try to convince him who he really is by reminiscing.
I'm not sure we needed a clip show so soon, but it has some of the greatest lines. When Alf wonders why he's naked, he suspects that Willy has taken his clothes. Willy tries to convince him that they're buddies. Alf replies "You could have been my buddy if you hadn't taken my pants." Classic. Wayne Schlagel lives on forever. The clips aren't great, but the routines bewteen Alf and Willy are classic.
This wasn't necessarily a bad episode, but why would you do a clip show half way throught the first season? What is worse, they had clips from episodes that had not been aired at that time. It show's poor planing in airing the episodes. Having a clip show so early would make it seem that they were having problems with story ideas. That being said, they did use good clips that did justice to the shows humor and light-heartedness. In addition, the new material written in about Alf's accident, memory loss, and identity crisis worked well to give a reason to go down memory lane.