I didn't like the pick at the time that it was made but wanted to give Nix/Gailey the benefit of the doubt.
So far the pick looks pretty bad. To summarize all the points made in this thread:
1) The Bills could have picked TJ Graham's quarterback, Russell Wilson.
2) The Bills could have picked a better wide receiver in TY Hilton.
3) The Bills burned a 7th rounder to move up two spots to draft Graham.
4) When I watched video of Graham after he was drafted I was very underwhelmed by his game speed. Regardless of his stop watch time I (contrary to some others) didn't think he looked very fast.
5) As far as laughable, Nix in a GR interview last week mentioned Dalton and AJ Green who are ironically two guys the Bills could have drafted. In that same interview he mentioned that the team needed a fast, field-stretching receiver.