They cut off parts of conversations between Erza, Gray and Lucy when Natsu was knocked out.
They cut off parts of Erza's freinds causing trouble before they talk about "not fitting in with the outside world"
The whole scene with Ultear was cut.
The whole scene with Igneel was cut.
Various parts of the "new Fairy Tail" are cut.
Mirajane's second, more rock-ish song is cut. Instead, they move up to Gajeel's "performance"… which means...
The whole "bunny suit" Lucy bit is cut, as well as the reporter. In fact, the only thing retained from that chapter was the Gajeel performance.
Luxas' bar encounters are all cut. He just "mentions" he's heard bad word-of-mouth from them.
The episode ends with Luxas deciding to take over Fairy Tail.