Not too bad.
We'll start with the bad and work our way up. The story was a bit erratic, but I suppose that is to be expected from a first episode when you are trying to establish characters and motives. Also, whether or not it was intentional, the animation certainly needs work. The character designs weren't bad overall, but a little polish would make this a much better submission. The sound however, is great. Everything is crisp, clean and easy to understand. It's one of the driving forces that makes this so enjoyable. Overall, this isn't too bad, and I am looking forward to the second episode. The jokes were decent, the sound and voice acting were superb, you just need to work the kinks out in the animation.