To me, this album is the sound of a band that has been walking a tightrope for a few years, ploughing its furrow with relentless labour and intensity, consciously putting its feet up, stretching out, and relaxing. And if you ask me the band never reproduced the locked-in intensity of those early years. It developed other strengths, made a lot of good music, but did not (maybe could not) get back to the manic focus of youth.
So this is sort of a 'threshold' album for me. It marks the end of the explosive 'superstar/super-hungry' phase of the Hip's career, and ushers in their transition to mature 'career band.'
There's a lot of stuff on here that not too many levels up from fooling around.'Butts,' 'Apartment,' 'Coconut,' and 'Sherpa' all sound to me like a band willingly surrendering its previous boundaries - and standards - and just doing what comes to mind. Of the songs I just mentioned, only 'The Apartment Song' really pleases me as a neat bit of fun; 'Butts' is excellent for what it is (with a very strong and unsettling lyric about public success) but ultimately a bit of a bore, while 'Coconut' is just dumb, and 'Sherpa' confuses dope-induced spacey-ness for something interesting. Yawn.
I'm also going to verge on sacrilege here. 'Gift Shop' is a good song but the prelude and coda are too long, and I felt for years that it needed to be given a break from their live sets. In other words, I find it good but overrated. I know Gord D loved 'Vienna,' but that's another one that I rate as decent more than top-flight. 'Daddy' is interesting but never really lit my fuse either; too long and plodding for my taste. Fortunately 'Ahead by a Century' is one of the best things they ever did, while 'Flamenco' and '700 Ft Ceiling' are absolutely first-rate. And 'Put It off' is one of my favourite tracks in their entire canon, distilling as it does their unique sense of menace - a virtue largely absent on this record - and some of Gord's most brilliant lyrics. It's no mean feat to write of the birth of one's child in this ominous, cryptic, off-kilter way.
The track that maybe comes closest to what I think this album is really all about it 'Let's Stay Engaged.' That cut is totally unlike anything they did before; it gives us a cool-toned detachment that is wildly removed from the blistering hysteria of their earlier work, pointing to a Gord D in particular who wanted to work on other, more relaxed planes; and yet it remains ear-worm catchy, characteristic, for all its divergence with what went before, of Gord's minimalist melodic inclinations. I sing that one to myself a lot.

But its not really a major song, just as this is not really a major album.
A mixed bag, then. And not a record I take from the shelf very often, truth be told. But I mostly enjoy its odd and erratic - and very distinctive - journey when I do. In the end, though, it's more a detour than a landmark.