OK, so this is silly, sophomoric, and sexist, but Mike Myers, Dana Carvey, and company (including new director Stephen Surjik) understand their characters and milieu a lot better than Merchant/Ivory do The Remains of the Day or Robert Altman does Raymond Carver. Offering a wealth of TV and movie parodies, ’70s rock, sight gags, hot new “babes” (including Kim Basinger and Drew Barrymore), and Brechtian alienation devices, this worthy sequel gives Wayne (Myers) a new rival (Christopher Walken) for Cassandra (Tia Carrere), Garth (Carvey) a new lover (Basinger), and both a new cause: Waynestock, a rock festival decreed by the ghost of Jim Morrison in simultaneous sendups of The Doors and Field of Dreams that lead to one of The Graduate. This is a far more cogent study of the ’70s revival than Dazed and Confused, and the Village People bit is as priceless as it is inevitable. Emma Thompson should be so lucky as to get a role in a movie this good someday. (Cineplex Odeon Tenley, Cineplex Odeon West End, United Artists Bethesda) (Mark Jenkins)