Just finished watching this for the 2011 holiday season. Strangely enough, this gave me Mike-solo nostalgia. His repoire (for lack of a better term) with the short was really spot-on.
I give it an 8. Not a beginning-to-end hilarity (9) or One of The Best (10), but totally worth it for some of the great lines like...
"I don't feel comfortable with talking ruminants."
Commentary on the song being repeated over and over.
"Guy who beat me and killed my mom. You're my best friend of all!"