It has roughly the same total alcohol content as 7 standard sized bottles of 5% beer. I expect the taste is bad enough that you probably wouldn't want to drink 2 liters of it, other than to win a bet from your buddies that you could. I hope that comment doesn't drive the wrong behaviour.
I've had beer from the Great Western 2 liter jug and it was not enjoyable. I can't imagine stone cold is better.
Back in the day Two Rivers used to have the 600 ml plastic bottles and those were great for drinking on the Steinbach Fly-In course when they weren't licensed because you could re-seal the cap. Of course you had to put up with all the jokes about living in downtown Winnipeg but it was worth it when some other schlep would drop his can and spill his beer.