Mark Rylance and Tye Sheridan in Ready Player One.

Steven Spielberg goes for broke but leaves viewers bleary-eyed in a bad way with Ready Player One, based on the popular Ernest Cline novel. The film is so full of pop-culture references that it doesn’t so much deliver them as visually vomit them into one’s face.

Rather than relishing the opportunity for ’80s nostalgia, Spielberg opts for whiplash pacing; he doesn’t allow any of the fun elements to really sink in. They pass by so fast that the film comes off as more of a speed-trivia exercise than an attempt at a true narrative.

The futuristic storyline involves something called the OASIS, a virtual-reality world that is not only a pastime, but a total escape from real-world poverty and pollution. Wade (Tye Sheridan) lives in a place called the Stacks—basically manufactured homes piled on top of each other, and he whiles away many hours in the OASIS as his alter ego/avatar, Parzival.

When Halliday (Mark Rylance), the inventor of the OASIS, dies—in a plot twist quite similar to that in Willy Wonka and the Chocolate Factory—he devises a way for somebody to win control of the OASIS. He plants keys throughout the virtual world, and the one who finds all of the keys first gets the whole damn thing.

As soon as Wade/Parzival puts on his VR goggles and jumps into the OASIS, the trivia Easter eggs start flying. The opening race scene, set in a shapeshifting New York, is a true winner, with Parzival trying to evade King Kong in his Back to the Future DeLorean. What follows are a lot of blink-and-you’ll-miss-it cameos by the likes of Freddy Krueger, Jason, Chucky, T-Rex and Batman. Scoring the film’s most prominent cameo would be the Iron Giant, which is super-cool.

In an ingenious sequence, Parzival and his virtual friends wind up in the Overlook Hotel from The Shining, contending with the bloody elevator, the creepy twins and the decomposing old lady. Alas, we don’t see Jack Nicholson—just his ax.

Alas, the sequences that work are far outweighed by passages that become a blur as they race by. Making matters worse, the “real” world is populated by characters more cartoonish than the videogame avatars. The usually reliable Ben Mendelsohn seems lost as Sorrento, a former Halliday employee bent on OASIS domination. Olivia Cooke fails to distinguish herself as rebel Samantha (Art3mis in the OASIS), and Sheridan is bland.

Rylance, playing Halliday at multiple ages, comes off as a bit goofy; his casting makes little to no sense. In the early stages of production, it was rumored that Spielberg was courting the original Wonka, Gene Wilder, before he passed away. Since the movie deeply references the ’80s, casting somebody like Michael J. Fox, Henry Thomas, Tom Cruise or Kevin Bacon—true 1980s icons—could’ve been a lot of fun. Rylance seems out of place.

The film holds together OK enough for its first three-quarters, but ultimately falls apart in its final act—to an extent that is actually boring and makes little sense.

The soundtrack sounds like somebody trying to ape John Williams. For only the third time in his moviemaking career, Spielberg turns to another composer, Alan Silvestri, to score one of his films. The result lacks originality and is missing that catchy and triumphant yet somehow non-distracting vibe that Williams always seems to pull off. It plays like Williams lite.

I’ve made no secret of my love for Spielberg. Jaws is, and will probably always be, my all-time-favorite movie, and many other Spielberg films reside near the top of my list. However, Ready Player One definitely belongs in the bottom half of his massive cinematic output. Perhaps it coming to us a mere few months after his most-recent movie (the far-superior The Post) is a sign that his plate was too full to make Ready Player One a winner. It’s a visual rush job.

Ready Player One is playing at theaters across the valley, in both regular and 3-D formats.