Jerry: Kramer? Kramer? It's Jerry. Jerry! From next door. Nevermind where I am. Yes, Jerry Seinfeld!
Kramer: Just make love to that wall, pervert.
Comment: The early season episodes really get at the tragicomic destiny of George Costanza. He finds an object that will redeem a mistake from his past, loses the object, gains it back after an ordeal, only to see it break in the stupidest way possible.
This episode features a common motif of the show: the conflicting self-interest of friends. When one character stands to benefit from an event which hurts another character, they argue about what should be done.
But truthfully, I've seen this episode too many times to receive any particular pleasure from it now, and will try to avoid it in the future.