This is the battle of Jerry vs Andy and Jimmy. Andy is doing his best worst boxer ever, while Jimmy does a pretty good manager wrestler. They have learned the art of stalling really well. Makes the crowd think they are getting a lot more action than they really do.
That's the first part, where nothing happens for five minutes and yet it's really entertaining. This second part is about seven minutes. Lance Russel does a great job in putting over how much Jerry wants to pummel Andy, even more than he wants to wallop Jimmy. Jerry sells Jimmy's offense like Hart's a super heavyweight.