Watched the third episode tonight. It's definitely a lot like Laugh-In, updated for the 2000s. While it was pretty hit or miss, I definitely loved the segment with the woman interviewing the British jockey whose words were pretty much unintelligible. The English class segment was pretty good, too; not very LOL, but it was creative how they took each character and gave them a different speech problem.
I think the fast pace is what helps this show. In fact, it's almost a sigh of relief after the "don't know when to quit" philosophy of SNL for the last few years.
Izzy Mandelbaum: How 'bout that, huh? The WORLD'S greatest dad. My son made it for me.
Jerry: That's very nice.
Izzy Mandelbaum: The best in the world! Which means I'm better than just number one.
Jerry: Well, I don't know how official any of these rankings really are.