This. Just once in this show, have him look clever.
He has been clever once, in realizing how to hide a variant from the TVA - in an apocalypse.
What we see here is a very basic problem of tricksters - a trickster depends on knowing what the blue blazes is going on. Tricks, con games, and the like require understanding of the context, which Loki doesn't have at the start of this. We will see if he has it by the end.
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