The more I listen to it, the more I like it. You have to analyse it as a feature on track with a third-party beat. For me, this is easier to listen to than a lot of the tracks off of Recovery, and that was Em's own album. Additionally, unlike his early features (think back to the early 2000's) these lyrics are most likely not pre-written or re-used.
He's clearly having a lot of fun. As an artist, you can't hope for more.