This is the funniest and on my opinion the absolute best episode so far out of the ones I've seen, it shows how a kids imagination can be prone to believe all sorts of whimsical nonsense.
It also shows Theodore the beaver in a more mature sense more toward the end, with Benjy. As always it was a wholesome episode with an obvious moral at the end, traditional family values and all that but it really does stand out among the other eps I've seen.
If I was to recommend one episode of the show it would absolutely be this one or the one where Wally shaves, I also realise that this is somewhat of a hot take. Maybe it's generational I never grew up with the show.