+3 because I really thought I was about to step in a pile of dogshit watching this, but it wasn't horrible. Nor was it that great, but hey, I guess it was an idea worth trying.
Great clip. Best trailer parody I've seen in awhile. Loved the agent files, loved the blending in with people with striped shirts, loved the umbrella disappearing act, loved Fat Waldo. In other words: Loved the whole thing.
Only thing that would have improved it would have been a few references to other Waldo characters like Wilma or the wizard, but that's just nit-picking.