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Matrix Ruleruletions
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This is actually why I think it is "underrated". I mean it isn't a good movie or even a good story to begin with, but this insanity seems so intentional, so meta, so self destructive - it's worth seeing.
Also, call me crazy but I think that it would have made an unironically interesting theater play. A lot of scenes scream theater and would have worked much better in that setting. The whatshisname the french guy blabbing his monologue during that fighting scene is so obviously theatrical, and the clips from the first movie being projected in a theater would also work with just half the cringe.