The movie that launched a million memes has lost none of its conspiratorial power, and its action sequences still dazzle – but was it actually trying to tell us something we’ve all missed?

The Matrix 25th Anniversary re-release

To paraphrase Apu in The Simpsons, this was the year filmgoers were partying like it was on sale for $19.99; it offered the vintage of American Beauty, Fight Club, The Sixth Sense and more. But The Matrix seemed to me then – and seems to me now – more exciting than any of them, first among equals in the previous century’s final graduating class. Rereleased for its 25th anniversary, this barnstorming sci-fi paranoia thriller, produced by action veteran Joel Silver and written and directed by the Wachowskis, holds up tremendously well. The martial arts sequences choreographed by Yuen Woo-ping are gripping and nothing about the bullet-time effects or production design feels dated. Even the ringing payphone – an unexceptional detail in 1999 – now looks like an inspired steampunk touch.