It is a good film and you could go to theater with your friend group to enjoy a hangout. Yes you could watch it in theater rather than waiting for it to come in television. This film worth that much. But in my view part 1 was much better one than this sequel. And many times you will feel like you are watching a repeated version of the part 1, which you could also count as good continuity. However is a good comedy movie and you can spend your money to watch it one time at least.
And it could be good hangout movie for the gangs of guys, do not dare to bring your girlfriend or wife along with you otherwise you will feel the consequences after leaving the hall.