In which we meet the Ferengi, and Data is wearing his sassy pants.
Memory Alpha says: In pursuit of Ferengi marauders, the
Enterprise and its quarry become trapped by a mysterious planet that is draining both ships' energies. (For detailed information, please click the Memory Alpha link.)
My Review
'Code of Honor' was (generally unintentionally) racist about black people. Now we have 'The Last Outpost,' which manages the interesting feat of being racist about people who don't even exist, the Ferengi. It is understandable that the Ferengi are not everyone's cup of tea, but at least in DS9 they are developed into an internally consistent, relatively plausible culture and we get to know some likeable individuals. I find Rom more tiresome than anything else, but I love Quark and Nog, and Liquidator Brunt is one of my favourite antagonists. The Ferengi in DS9 are portrayed as cunning, devious, amoral, sly, shifty little bastards (stop, I'm making them blush) - but also as people who care about their families and friends, and at least don't have any genocide on their collective conscience.
But in their first appearance, 'Code of Honor,' they are prancing, jabbering idiots, to the extent that it's hard to understand how such a species of utter gobshites ever managed to get off their own planet. The Ferengi were supposed to be major antagonists in TNG, as you may have surmised from the sinister terms in which Picard mentions them in 'Farpoint,' but after this episode, the staff were forced to admit that this just wasn't going to work. They did appear again, but from then on were played for laughs rather than with any sincere attempt to suggest that they posed a challenge. Fortunately for all of us, they thought of the Borg who are WAY scarier, and maintained the Romulans and dickhead factions of Klingons, and invented the Cardassians, and it was all good.
I suppose one explanation for the vast difference in intellect between the 'Code of Honor' Ferengi and the DS9 ones could be that only fuckin' idiots sign on as marauders, while sensible and intelligent people go into business. Well, anyway, let's go, Marauder Mo.