Saw it today for the first time in almost 15 years.
I was only about 11 when I first saw this movie. I didn't know many of the movies that were spoofed at the time. But I did really like Leslie Nielsen, even at that age.
So seeing it again just now is both disappointing because it's certainly a lame James Bond parody movie a lot of the time, but it was fun finally getting all the references. I was amazed at the number of movies they spoof, and there still were enough stupid jokes just funny enough to make you smile to get you through the short running time. And let's face it, if it was made today it would be called Spy Movie, star someone way less funny than Nielsen, make reality TV references every 10 seconds and make fun of two or three movies released in the year before it came out.