First and funniest? Pretty confident there =P
Okay that's a lot of laughing to begin with.
I think there are quite a few things you can improve with...
- get a better microphone? That's a LOT of static.
- Don't use google+ hangouts, they're pretty crap and you can get better videos with services like twitch.tv
- Make the title more specific! You have a lot of topics but really a lot of things are better than "The talk show episode 1"
- Hopefully you guys have more to talk about though, talking about a picture for that many minutes isn't that interesting...
- More graphics would be more interesting. It would be great if we could actually see you guys!
I know it's hard to startup with a talk show, but with more content and improving on your videos I'm sure you guys can get more people to watch you guys!
Good luck!