The latter of which should be more entertaining to write.
Top 25: Shanghaied
Highlights: Lots of funny moments, such as "Will we be getting business cards?" I also dig the episode having three alternate endings. It's quite an original one.
Lowlights: Squidward got burned a little too often.
Bottom 25: The Original Fry Cook
Highlights: Well, there aren't many, actually. It was watchable. Does that count? Well, the flashback was interesting, I guess...
Lowlights: This episode was too mean to SpongeBob. Also, Jim was a big, fat jerk.