There was a saying long ago where people would call someone who is hyped up "fast Eddie." It's a term from back in the 40s 50s and 60s. At times this show will refer back to things from 50s and 60s probably from the writers growing up during those decades, including Jerry Seinfeld and Larry David.
You know what else is being demonstrated here: the greek paper coffee cup of new york. What is the deal with that paper cup? You know the blue and white ones with gold yellow words?