For me the exhaustion is from him doing something exceptionally stupid and getting to have a good laugh about it right up until the realization that because he's a lolcow that people will do anything to gaslight into more egotistical nonsense there's never anything tangible that changes till the bulk of the new round of ironic fans gets banned out or wanders away of their own volition. Gets a little hazy after a bit dealing with his overinflated ego during these times because it's wholly unearned but it's a constant cycle. Phil gets noticed by internet, rides high for a bit, does something incredibly stupid, people ghost him, he starts blaming detractors, sad boy hours begging, back to Phil getting noticed again. Always trending downwards in relevancy, leaving everyone to wonder precisely where rock bottom is and you kind of just want the series finale already.