The jokes don't work :(
I hate to say, but this is vastly overrated, and I dare say it's a victim of Fanboys with keyboards. But, lets throw some constructive criticism on this.
First off the voice acting and sound in general was very poor or constantly changing in quality, with only links voice and a few music samples really doing justice. Navi's voice in particular was badly acted and any jokes she could've sold me were lost in poor execution and vocal pacing. I suggest tweeking some of the sounds to match their location (EX: making his voice sound like it's in the cabin from afar when he gets the shield). And completely redo the Navi mod.
The jokes, none of the written jokes were funny unfortunately, either the idea was poor or it was poorly executed. Navi waking him up can being annoying could've been much funnier had she been more hyperactive and faster spoken. It's usually the pacing that's killing you. Either the jokes are too slowly shot out or lack the proper time in which to be said. EX: look at an egoraptor cartoon then a knock off and see why egoraptor is funnier mainly do to his pacing (which is emaculate), despite whether the joke is better or not.
Theres unfortunately not a lot to like in this. It recaps basic zelda knowledge has soem mildly amusing parallels of it and cliché video game reference. The only real redeeming factor is your link. I did like his idiosyncratic behavior. It's not perfect but it's your gem in this mound you need to work with for your sequal.
Improve the navi and deeply focus on vocal pacing. The slow drull of the voice actign killed most of the jokes flat. The animation and art could also use some work.
Sorry for the harsh review, but i did like Link and you should work on him for your next.