While I find the show entertaining overall, I think some aspects of the show fall flat.
First, the pranks rarely seem to reach an apex and you're always left feeling like there wasn't quite enough done to prank the "victim". However, there have been several very funny pranks, notably the clown mom prank and and the wedding prank.
Sometimes it seems like they spend too long interviewing candidates and then not end up using their ideas, so it feels like a waste of time in terms of the episode. It seems that the point of interviewing the prankster candidates is purely for pointing out that the prank ideas are dumb. *Sometimes* it's funny, but it usually seems like it's just to fill time.
Unfortunately, the biggest issue with the show is Gabourey Sidibe. She doesn't have great chemistry with Eric Andre or Johnny Knoxville, and seems to enjoy being condescending to the guests. S1 E6 was especially bad, being at times unfunny and offensive, and I'm honestly not sure why they aired it. She was so unapologetically rude to the two friends for such a small reason, and spent the entire episode griping about it and actively trying to insult them. It was uncomfortable viewing for a prank show. I have never watched this actress in anything else, even Precious, and I know very little about her, but she seems to have a chip on her shoulder that carries into this show so unnecessarily.
If it gets renewed for a 2nd season, I think it would be much improved by finding an alternate third host or just using Eric & Johnny.