Picking up from Part 1, Jerry is more unhappy than ever about Elaine's dealings with Keith Hernandez, although he needn't worry: since it's Elaine we're talking about, things are bound to go wrong. George has to find a new way to continue receiving unemployment checks, and Jerry's theory about a "second spitter" (the series' version of the second hit-man in the Kennedy assassination) regarding Kramer and Newman's embarrassing encounter with Hernandez a few years earlier is further investigated.
Is there really anything to say about the second episode part of the episode that hasn't already been mentioned in relation to Part One? No, not much so. Suffice to say, the conclusion to the story is just as hilarious as the build-up, with a special mention for how the JFK mockery plays out at the end. It's smart, quotable, a TV landmark, yada yada yada. Long story short: it's Seinfeld, thus an invitation to watch it many, many times, as always.