Thirty minutes of good movie...
If they cut this down, sharpened up the scenes, kept what was thematically relevant and made sure each joke and bit got hit just once - instead of laboring every gag and stretching out every sequence to the point of neutering it - you'd have about thirty hilarious, meaningful minutes of stupid fun, brilliant social satire, and general Key & Peele amazingness. But then they would've had to have worked way harder to create another good hour of sustainable material before having a real feature on their hands.
Instead we get the lazy way out. A movie that suggests the masters of the sketch comedy format can't keep the same density of ideas up for a feature length. Cute cat, great character actors, some fleeting general commentary about stereotypes, and the overall likability of K&P all make it a tolerable view for me, but if those things had been in service to a tighter, more interesting script, this could have been amazing.
I look forward to their next feature, and hope they bring a little more ambition to future projects, because even silly fun should at least try to swing for the fences.