I love Frasier and Niles. I love the way they interact, I love their little tiffs, their reactions to everything that happens around them, but most of all I love when they team up for an episode and go on some random adventure.
This is a fine example of the latter. Here, we have Frasier describe his incredibly ridiculous day and the meaningless problems he has, Niles takes them to extremes and expects the worst. Alot of Niles' ideas of how Frasier reacted to the problems he was having were extremely funny.
The real comedy comes when Frasier and Niles journey to the old ladies apartment and mix in with the festivities, watching Frasier attempt to distract the crowds while he gives Niles directions to where the medal belongs.
All around, funny episode, though relatively purposeless.