I think the reason that Mike Myers career has been so hit or miss (mostly miss after the 1990s) is that he doesn't really make movies with plots so much as movies with extremely thin plots used to string a series of gags together. If the gags don't work, there's nothing left to make the movie work at all.
Here it pretty much works. I found this movie to be significantly less funny than I did in 1992, but a lot of that has to do with it's daringness having been worn away by frequent imitation. Myers still hits with a pretty high frequency and I find the film to be amusing.
What doesn't hit much at all for me is Dana Carvey. That's not a problem with him, but more with this character which is really thin and really repetitive. I can't say much better for Tia Carrere who's stuck with a thin character and a truly godawful band.
Who is really great is Rob Lowe. He pretty much carries the entire plot and almost steals the movie away from Myers.
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