Originally posted by Mercapto:
Fry: It's better with the second! [This is a play on words that doesn't really translate well. ZDF is the second major television network in Germany. I think they've used the phrase "Mit dem Zweiten sieht man besser" as a slogan once, but you'll have to wait for a German to confirm that.]
Consider it confirmed.
The rest of your translation is spot-on, too.
Actually ZDF still use that slogan, and in their spots people cover one eye with two fingers while saying it. That's what Bender and Fry are doing in the bottom-left picture.