I had to watch this episode several times to get a sense of what I thought about it. I think I've finally come to the conclusion that I actually do quiet enjoy it. When first watched, it didn't appeal to me. I still believe that this episode has little humor and has pacing problems. But, after I re watched it, what changed is that I appreciated the creativity. I mean, we haven't really seem an episode like this, or even the appearance of a rip tide in a show based solely underwater. The rip tide was one of the things I loved about this episode, as it seemed very unique. I also enjoyed the return of Octavius Rex, along with his repeating line, "Well that was anti-climatic." Other things I enjoyed were Spongebob steering the Krusty Krab with one of the tables as a steering wheel, Squidward being voted head captain of the "ship", and Krabs beat down on the monster at the end. There's a lot of good stuff there, it's just that there's a gap in the middle of the episode where nothing happens for a long time. There's negatives about this episode too; Krabs cheapness was in it's higher ranger during the events of Mutiny on the Krusty, and also Eugene's first dime was different in this episode, which kind of ticked me off. So, overall, I'd call this episode good, but I understand why many people consider it bad.