Whatever you can think of the recent evolution of production in RPDR, you can acknowledge with this episode that the writers were able to play with their own references and make something funny in this episode. The objective was for 2 teams to play in mini-scenes for a caricature of RPDR trailers and they managed to create funny stuff. I must admit that a large majority of acting challenges are quite bad in this show: the themes submitted to the contestants don't provide funny material and even the best actors couldn't make them entertaining. But by proposing to self-reference the show, the producers expected the queens to create stuff based on their in depth knowledge of the series and use what has become cultural references to transform it into good scenes. Kudos to the producers and the editors for being able to acknowledge their usual real TV tricks and let the queens play with scenes from past seasons.
The RPDR franchise is an overproduced TV show with a lot of contradictions: the show promotes love and acceptance, yet it puts the contestants in uncomfortable situations with some shady edits; some members of the fan base are quite toxic and take everything they watch as the "truth", harassing queens on line. So it's very hard to take RuPaul and World of Wonder seriously when they preach about "everybody says love". This episode doesn't really address this issue but at least, it shows that the producers are aware of the reality TV shticks they use over and over. And they let the queens have fun with these tropes (cat fights, tearful confessions, stupid challenges, childhood trauma, etc.).
It was funny. And most of what is supposed to be funny in RPDR (acting challenges, Snatch Game,...) is rarely funny. So just for that, it's an outstanding episode.