The film, now available for purchase on most streaming platforms, is all about the moral panic that results when people find out who Spider-Man/Peter Parker (Tom Holland) really is.
It shows how difficult it is for young people who have to hide their identities from peers, family, loved ones, and authority figures.
The movie asks you to sympathize with Peter’s dilemma. Then, in line with Disney’s and Hollywood’s longstanding, nervous homophobia, it asks you to forget it.
The movie begins with conspiracy theory tabloid merchant/Alex Jones analog J. Jonah Jameson (J.K. Simmons) revealing to the world that Spider-Man is Peter Parker.
He falsely accuses Peter of murdering the supervillain-posing-as-a-superhero Mysterioso (Jake Gyllenhaal). The revelation sparks a massive moral panic; Peter’s school is staked out and his home is vandalized.
The scandal also leads to his rejection from MIT. Worse, MIT also rejects his girlfriend M.J. (Zendaya) and his best friend Ned (Jacob Batalon) because of their association with him.
To try to fix things, Peter asks his superhero teammate, the wizard Dr. Strange (Benedict Cumberbatch) to help. Strange offers to erase the memory of Peter from everyone in the world.
Peter, though, doesn’t want his close friends to forget him. Trying to change the spell midstream leads to a multiverse meltdown, in which everyone in every dimension who knows who Peter Parker is, is magically summoned to the MCU reality.