It needs work.
I think you just need to learn to make things self-explanitory, and stop cutting the video to make your characters explain everything. It makes the characters feel fake and reminds us that it's just a movie. If you let the show go on, the viewers will most likely get sucked in easier.
On a side note, when a joke is dead, it's dead. And try to make your jokes harder to see coming. If you can see a joke coming it's like you've heard it before. When you first think up a joke keep thinking about everything, like how can you make the joke harder to see coming, or more shocking.