COURTESY THOUSANDS OF COMMERCIALS Brilliant image of wonder and magic assaults us daily in national media saturation campaign.

In the movie, a flawless alien midget is left behind on earth by a superior alien race who have never heard of a head count before departure. The alien befriends foul-mouthed American kids and endorses M&M-style products and Pepsi before faking his own death in an elaborate intergalactic insurance scam and escaping in a flying bike, leaving the evil government agents to wonder: Why didn’t he do that much earlier?

The film is a re-telling of the familiar friendly-alien-meets-asshole-humans story. “Re-telling” being Hollywood code for updating old scripts with modern slang and improving the special effects by leaps and bounds.

Spielberg started out in Hollywood making enjoyable adventure movies with low marketing tie-in potential such as Jaws and Close Encounters of the Third Kind. Having invented the summer blockbuster, Spielberg went on to cut himself a slice of the pie with E.T.: The Extra-Terrestrial. He would later perfect action figure merchandising with Jurassic Park, after the dismal failure of his The Color Purple doll line.

To keep his product fresh for a new generation with more hyper-sensitive parents than his own, Spielberg digitally replaced rifles in the arms of federal agents with walkie-talkies. The director also changed the audio for a line spoken by Dee Wallace in which she tells the children not to go out dressed as “terrorists.” Since no one in our current generation hates and fears terrorists, Spielberg wisely changed it to “hippies.”

Also removed from the film: Scenes in which E.T. tries to eat a cat—better done on Alf; a scene where E.T. and child friend Elliot get hammered; two scenes where Drew Barrymore does a line of coke (interfered with Pepsi tie-in); and instead of building a phone out of household items, E.T. e-mails his alien friends using free webmail at Hotmail.com.

Digitally added into the film: Child actor Henry Thomas is replaced with modern acting wunderkind Haley Joel Osment; David Duchovny and Gillian Anderson from TV’s The X-Files have a quick cameo; and E.T. is digitally altered so he’s always wearing shorts and a bow tie, so as to dispel questions about his genitalia today’s more mature generation will be quick to ask.

“I lacked the vision and technical skills to make the perfect film I wanted to make at the time,” said Spielberg in a press conference the media were court-ordered to attend. “Now, thanks to modern technology and 21^st century revisionism, I can do it.”

If E.T.: The Extra-Terrestrial proves profitable the second time around, Spielberg has other plans on the table. He reports it recently occurred to him Jaws would have been much more fun if he had replaced the shark with a big, cuddly bear ala TV’s Gentle Ben.

Also, said the director, Schindler’s List would have been more effective if the Jews had won against the Nazis.

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