Quality of the show? Whatever, the escapist isn't about high-budget, tight pieces. That said, I'd pick up the pace of your cuts if you really want to succeed here.
Entertainment value of the show? Near zero. Watching other people being drunk isn't often all that fun even when you're drinking at a party with them. This show needs to have more of a story. There's nothing happening here that doesn't happen when you turn a game on and leave it on the title screen for too long. I'm not saying it needs an epic story, just some kind of story. Give people names and personalities. Make them compete. It would inform the commentary and give our brains something to work with. Even MXC gives each competitor a one-line blurb before they run off to wipe out. Then go the next step and stage the races so that they're more interesting than watching someone suck at mario cart. Maybe ask yourselves why people watch normal racing and how that could be enhanced by a drinking game competition?
What this really looks like is a lack of effort. A bunch of people sat around and played a mario kart drinking game, someone had a good commentator voice, everyone had a lot of fun, then they pitched it as a show idea. Its not a *bad* show idea, its just wasn't very well thought through I think.
Better luck next time.
PS: I drink all the time with my friends and seeing a show about booze on the escapist jolted me a bit. I'm not saying it shouldn't be done, but I do think it isn't necessarily in tune with the rest of the escapist's aesthetic, at least from my pov.