This is an episode about nothing, but not just that. It is an episode about nothing that feels like being in hell and being punished by infinite boredom.
None of the stories are interesting nor funny. Chandler/Joey/Monica's is also completely ridiculous and unbelievable.
Ross and Mike's should have been boring and tedious for the characters but funny for the viewers, but instead it is boring for the characters and an absolute nightmare for the viewer.
And Rachel and Phoebe's story is unfunny and off putting. They go to a bar and then Phoebe, who is supposedly so madly in love with her boyfriend, the first serious boyfriend in her life, suggests that they should spend the night leading men on because that is, apparently OK, plus they can score some free drinks. Then again, throughout the whole series Phoebe has basically been a (I can't use the appropriate word, because "ice crystals" on this website consider it a "profanity or offensive word", but you can guess what it is) with a seemingly endless line of men hopping on her, having a ride, and then leaving forever, as if she was an amusement park attraction.
One of the worst, most boring episodes of the show.