Rollie Tyler (Bryan Brown) is no longer in the movies. He's now a toymaker with a girlfriend named Kim Brandon (Rachel Ticotin). Her ex-husband NYPD detective Mike Brandon asks him to use his skills to help catch a killer. As the other cops go off to take down the suspect, a mysterious assassin kills Mike. Rollie records Lt. Ray Silak tampering with the murder weapon. The assassin tracks down Rollie and Leo McCarthy (Brian Dennehy) saves him in the nick of time.
The most memorable thing in this movie is Rollie's man-size mechanical clown with a control bodysuit. It's a double-edge sword. It's fun at first but Rollie looks sillier and sillier with the control suit. In fact, a lot of this movie is pretty silly. A lot of the traps are reminiscent of "Home Alone" with chemicals and bigger tech.
Along with all the gadgetry, one of the things that Rollie is known for is his avoidance of guns. He's a MacGyver in that way. However this can go too far. In one scene, he grabs the assassin's gun in the aquarium while he's being drowned. Then for some reason he leaves it behind for the assassin to pick up and shoot at him. It's annoying when smart characters do stupid things. This is simply inferior to the original. It's not as much fun. It is sillier and not as compelling. It's not terrible but it's not good.