*glows*
I love this show. It did subtext like nobody's business. Like, that whole conversation between ray and fraser, about his hat getting shot? ray's response is a beautiful subtext of "I know what you value. And even though I don't share those values, I value *you*, so I will support your efforts to achieve those values." It's the moment when we knew that, for all ray's cynicism, he himself will never be the one who crushes fraser. And in fact, as is later born out in the show, he'll repeatedly allow himself to be hurt to protect fraser's innocence.
*glows more*