I have a coworker that raves about Hula Hut, but after a few experiences there, I have this to say: the food is unimaginative and overly fried (I'd always thought that frying made just about anything taste better, but Hula Hut has proved me wrong here), the stench of cooking oil gone bad (I'm assuming from the kitchen's greasetrap) is unbearable, and, no offense to the younger crowd, but I don't relish spending an evening out with a bunch of high school kids. Given these factors, I cannot fathom why people would wait 2+ hours for a table!
Pros: Lake view
Cons: Odor, mediocre food, high school crowd
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