There is good playing here, and a minimum of offensive show biz (while there is plenty of show biz). It feels amazing that this clip is from a Grammy Awards show, but who knows? The last time I watched one of those might have been in 1986. This is fun, musically, and larded with a ton of contextual social stuff that someone else might like to unpack.
For me, it is the playing and seeing these big stars live (on tape).