I am so freaking dumb, why the heck did I not put this on my best list for season 7??
This episode is downright awesome.
Firstly, It really gives off a "classic" episode vibe for me. There's lots of quality moments like when SpongeBob gives the guy a coin, yanks it back, and then gets squashed. It was funny though.
I also really like how fatherly Mr. Krabs was towards SpongeBob. You know, teaching him the ways, of ka-ra-tay being cheap and all.
Another thing, the auditions for cheapest crab was also funny. Overall really really good episode, deserves more recognition and credit for sure.