This is a fun episode, without getting into the heavy camp of seasons 2 and 3.
It includes the usual logic holes and inconsistencies such as Will telling Penny "I'll let you have the first move" when she's sitting in front of white which always moves first in chess.
The beginning is the template for the dynamic between Smith and Will. Smith has a willing assistant who helps him in an adventure Smith is too timid to undertake himself, while Will gets to enjoy being the adult-like "I can handle things" guy while he's with Smith.
It's great to see Will at the extreme of smart. He's normally smart but polite, offering suggestions which often work such as the time he suggested to Dad and Don to bypass the Chariot ignition when it wouldn't start as the lava was bearing down on them. But super genius Will is arrogant and, at times, mean
Ancient Smith is hilarious.