Unfortunately, it was in this episode that 'The Adventures of Pete & Pete' truly began its downward spiral into its final run of inconsistent, and often-times poor episodes.
While the episodes of season three weren't necessarily bad by the average television standards, they weren't what Pete & Pete fans had fallen in love with over the years. The brothers Pete, once best friends forever, had grown distant. Artie, the younger Pete's personal superhero, had left Wellsville to never be seen again. Ellen, who the older Pete always told himself was "A girl, a friend, but not a girlfriend," had become largely forgotten, and only appeared when her advice was needed.
New characters were introduced, particularly in Little Pete's adventures, but their addition to the series only muddied the waters instead of giving the show greater depth. Wayne "The Pain" served as little more than the typical comic relief sidekick. The sinister "Pitstain" appeared to be nothing more than a younger Endless Mike with a glandular problem. These characters were all one-dimensional, and lacked the quirks and other characteristics that made the existing citizens of Wellsville seem so real, though they lived in such a surreal world.
By "The Good, the Bad, and the Lucky," the show had clearly shifted from its original quirky and surreal nature to a pretty bland shell of its former self. The shorts, specials, and first two seasons of Pete & Pete had struck a balance that resulted in many fine examples of what made the show so beloved in the hearts of its fans. But by season three, the show had become lazy, and had lost a lot of what made it so unique compared to many of the other shows on Nickelodeon at that time.
Granted, there were a few great episodes still left in the tank that recaptured some of the magic of earlier seasons, but the consistently great episodes had certainly passed.