Episode 1 ended with the pink wool and no torches. This one is mostly about supplies: what they have, what they can spare, and what to do with an enchanting table when there is nothing worth enchanting.
Taking stock
One of them has a single piece of bread, a stew and no torches. The other has torches and splits them. Food is mostly zombie flesh at this point. A flint and steel with one use turns up in a chest, which they hold on to on the guess that it is for getting into the Nether.
Clearing out the spider room
The plan at first is to keep the spider spawner from the last episode, light it up and leave it in case they need it later. Then they think it over. There will be other spider spawners, and they are low on resources, so they break it and pull up every torch on the way out.
The way back up is a fight through ordinary mobs. A chest has XP bottles, and there are seeds on the ground. One of them weighs up the Tune of Gale: it never breaks, but it doesn't hit that hard. Better than a wooden or stone sword, though.
The enchanting table can wait
That is where the title comes from. They have an enchanting table, but nothing worth enchanting yet, and with no bookshelves it only gives level one enchants. They agree to wait until they find better gear.
A tree on the ice
Up top there is a ledge with water flowing and a spruce tree sitting on the ice. They pillar up and bridge across with dirt and snow. One of them loses a sword on the way. The other offers a stone one, and it gets turned down: the one carrying the emerald doesn't want to risk losing both.
Up the tree
A zombie hits hard here, and they remember they are on Hard. The tree has bark on all sides, which leads to a side conversation about bark blocks coming in a later Minecraft update. They are sure the tree is trapped. Up top there is a chest, a zombie spawner in a little cave next to it, and saplings at last.
Under the water
One of them heads off for what looks like a good emerald spot and finds coal, and a chest buried under the ground beneath the water. If it is trapped, they figure, any TNT will at least be underwater. It isn't trapped. Inside is a fishing rod with Lure III and Mending.
It means they could fish for a long time. They end the episode on that.
