Season 8 was a huge disappointment when you factor in how great Seinfeld was. This episode is an exception as it is perfectly written. While the Jerry storyline is a bit bizarre and really doesn't make sense, there are so many strong scenes in this episode. Peterman complaining about the channels being changed, George shutting down the "annoying little overachievers" and Kramer nearly getting attacked by the Van Buren Boys.
This is an excellent example of what Seinfeld can be and how the humor is just on another level compared to every sitcom prior and every show since it left the airwaves. George and Jerry's sarcastic and dry wit is unmatched.