This is the last episode before we start to deal with the final two story arcs for this season. The Overseers will fight a massive two-headed giant that rise from below the ground (just like the other giant we saw in episode 33), and we will Finally see what happens between The Creator and The First Magician, where they both will see why the Stickworld is going to be destroyed.
Spoilers:
The two final story arcs of this season are then the follow-up on The Sword Demon, and then finally the alien invasion. I'm counting on having season 3 ended before this year is over.