This is definitely a divey type comedy bar.
Pros
-tickets are cheap
-on Bloor street so easily accessible by subway
-There are 2-4 shows everyday so no matter what time you arrive, you should be able to see a show
Cons:
-small venue
-wine seemed watered down
-the seating is all just basic chairs and you have nowhere to put your drink (i.e. no cup holders).
In terms of the comics, I guess it depends on the night. We saw a show on Saturday night and there was about 5 comics. I found 4 of them funny, but the headliner didn't impress me much.
Verdict: It's okay. Something to do if you can't find anything better.