But apart from a funny Instagram gag at the beginning (which involves Justin Bieber posting a Blue Steel selfie just before he dies) and a hipster designer character named Don Atari (SNL's Kyle Mooney, who makes me laugh no matter what he does), the jokes are mostly repackaged pot-shots at a fashion industry that no longer exists. (Seriously, enough with the tiny flip-phone!)
At one point, Don Atari shames Zoolander and Hansel by forcing them out onto the runway with shirts reading "lame" and "old," and everybody laughs at them. We're presumably meant to read this as a self-referential bit of commentary on the characters' present-day irrelevance, but that would only work if Don Atari and the film's new characters were themselves relevant, instead of some played-out hipster parody that peaked five years ago.
So should you see it?
Derek's shallowness and stupidity worked back in 2001, mostly because of Ben Stiller's commitment to and the novelty of the film's premise. But in this day and age, it's hard not to feel like we're just laughing at a guy with a developmental disability. The "Derek is dumb" shtick gets old super fast, while various moments of fat-shaming (with his son) and transphobia (with Benedict Cumberbatch’s androgynous model All) aren't such a hot look in the unflattering light of 2016.