I had only seen this once when it was on NBC, until I watched it on the season 9 DVD last night. I forgot how entertaining this episode was. Especialy George with the laser pointer being pointed at him, and Kramer as H.E. Pennypacker. On the DVD, it is interesting to watch the Inside Look feature for this episode to see why this episode was banned. It was actually the fact of the burning of the Puerto Rican flag that upset many Puerto Rican people. I didn't really like the maroon Golf guy though. The same guy appeared in "The Engagement" episode when him and Jerry were walking out of Firestorm.
I have only seen this episode once too, I had to dowload it because i wanted to see it again, I waited to see if Fox was going to play it when they were going through the final season in order, and they just skip it. I think i heard somewhere that the episode is most of the time skipped because there is a part in the episode where Kramer burns the Puerto Rican flag, which may offend some viewers. But it's not like it was done in bad taste, it was an accident and they don't offend any puerto ricans in the episode. Still i thought it was good, Karmer, Georger and Jerry all using their fake names, classic.