Less a Bond movie parody than a parody of Bond parodies. It looks like what you’d get trying to reverse-engineer Austin Powers to create the original film it was satirizing. The resulting, overwhelming absurdity provides some entertainment value.
A capsule summary would sound like one of Bill Hader’s Stefon routines on SNL: “This has everything!: tiki torch hats, princess telephone bikinis, Chinese brothel theme songs, Ginger from Gilligan’s Island, Sharon Tate doing karate, Dean Martin beating up Chuck Norris, exploding scotch bottles, revolving cocktail booth torture chambers, helicopters that fit in Lincoln trunks, mattresses covered with astroturf, Dean Martin crooning If you find a gun in your bed you’d be better off sleeping with your uncle Fred, and bullion masonry decor. ‘What’s bullion masonry decor?’ You know when you use gold bars like bricks to make a decorative wall in your living room and then spray it tan to look like limestone.”