Young Redmond has apparently lost his job, been kicked out of his apartment, and is now stumbling around looking for "truth" while he manages to stumble into various kinds of trouble.

This is an example of the comedy without jokes, where the humor comes from situation and character. It does a very good job of this, with a number of random occurances that don't seem that unlikely for its world.

Where it's weak is in providing a strong resolution. It's implied that Redmond has found his "truth" or something satisfying to him, and if you hang until the end of the credits, you'll get some structural resolution. It's perfectly valid to end on a note of uncertainty or irony, but the film seems to have waffled and chosen something between the two. Luckily, the rest of the film is played out well enough the lack of resolution isn't as important, but it's still there.