The short answer is no. Bright isn't a good movie -- most of the action is visually drab and story grinds through a series of predictable twists -- but there's something oddly touching about its devotion to being the most lunkheaded movie of the year. Ayer throws down the gauntlet within the opening moments when an exposition-dump is provided not by a newscaster on TV or an announcer on the radio -- no, in David Ayer's universe, world-building is accomplished by a quick cutaway to the Joe Rogan Experience podcast playing on a character's open laptop. Finally, you might say, a movie for people who love dark fantasy novels but also enjoy the taste of Creatine and dream of owning their own sensory deprivation tanks.
But after the opening, Smith's character Daryl Ward, a veteran street cop nearing retirement and coming off an injury-leave following a near-fatal shooting, climbs behind the wheel of a cop car with his partner Nick Jakoby (Joel Edgerton) and the movie descends into a by-the-numbers "one bad night" plot about a magic wand and an elf on the run. (Noomi Rapace is also around to play the villain who wants the wand for... some reason.) Yes, Jakoby is an orc -- the first orc to ever serve in the LAPD -- and tense, "shut up" filled banter between the two cops is meant to give the movie a touch of allegory to it.
Some context: In the world of Bright, Elves wear fancy clothes and live in a secluded, wealthy section of the city, while Orcs are demonized, oppressed, and live in more low-income areas. It's a clumsy metaphor complicated by the fact that Ayer doesn't really attempt to square the fantasy creature stereotypes with the racial stereotypes the characters occasionally alludes to (and, in some unfortunate cases, embody) at certain points. There's dialogue about "diversity hires" and orcs being good at football that's supposed to scan as funny -- or insightful -- but mostly just feels dumb. Not "fun" dumb either. It's dumb dumb.