I think that they're really hitting their sweet spot with this episode, and if not hitting it completely, then at least recognizing where they can thrive.
In this episode, they genuinely tell a linear story that goes from point A (the beginning of the night) to point B (the next morning), and they do it in their own way. With an intermixed taste of their brand of fantastical jokes, they build on Josh's story, develop Mike as a character more, and drive home Liz's influence in the story and on Josh.
Great third eousode. It's funny, it's very well shot with each location and especially the montage sequence driving home how their art direction tells a story too, and this is the first episode that their choice in music has really stuck out to me as being exceptional. All-in-all, how this particular story fits together works really well without giving up on their own unique touch of comedy; which is something that ep. 2 missed out on.