In the almost forty years since Ghostbusters’s release, the film remains unparalleled in terms of present-day, urban sci-fi action. The film’s a mix of crisp action comedy and a special effects spectacular, with Reitman’s direction toggling as needed and Elmer Bernstein’s score tying a beautiful knot. With the special effects, the film never isn’t grasping too far and never isn’t succeeding. It’s visually exquisite, even when there’s some noticeable foam versus marshmallow. Richard Edlund produced the effects and, well, accept no substitutes.

The film’s also got an incredibly brisk pace—partially due to an elongated victory lap of a third act. In the first few minutes, the film introduces real ghosts—in the New York Public Library, establishing an expectation of location shooting. The film kind of takes a dodge on for set pieces but still impresses with what they do pull off on-site. Fake ghost-investigating scientists (played by Ghostbusters co-writers) Dan Aykroyd and Harold Ramis play second and third fiddle to lead Bill Murray; they’re the true believers, Murray’s just in it to manipulate coeds. Just when they see their first real ghost, the university has had enough and boots them.

This turn of events could lead to the worst in Murray’s character, but instead, the movie skips along, hurrying to put the trio in business as New York City’s first (albeit entirely unlicensed) professional ghost hunters. The second act starts with their first potential customer, professional classical musician Sigourney Weaver. She’s got a valid cause for concern (the movie shows her haunted apartment, which also gives Weaver a great scene opposite in-camera effects, which the film provides a number of its cast). Except Murray tries to get some action instead of taking her seriously, and she’s out of the plot for a bit.

Weaver will be—from a particular point of view—literally a girlfriend in a refrigerator, but the film smartly keeps her in play during the second act as the Ghostbusters start getting actual business. The media coverage will transition to Weaver, along with her neighbor, Rick Moranis. Eventually, it’ll all come together in hilarious and scintillating ways. And scintillatingly hilarious ways. Those ways might be the funniest. Oh, and with occasional major effects sequences. Moranis and Weaver end up doing the most work in the film.

The ghost-busting business booms so much the trio brings on Ernie Hudson as their first busting employee (they’ve got a secretary, played by Annie Potts, who seems to know she will be unappreciated for her turn but still kills it). Hudson brings the soul to the team, being the only one who professes a belief in God. Ramis and Murray never really talk about it, but it’s obvious Ramis is a science atheist, and Murray’s a libertarian atheist. Meanwhile, Aykroyd’s a go-along-to-get-along all religions have a kernel of truth guy. The third act brings in all the religious stereotypes, which includes blowing their outfits around in ghosts of wind (and implying the Catholics are corrupt in some way, but also seemingly happy about it). But the God question? No comment.

Gods, to be sure, are real, however. Gods and ghosts.

However, the film also skirts the undead aspect of ghosts. There are some definitely human-looking ones, but they’re mostly just ghostly (and slimy) creatures, which is all fine. Edlund does a phenomenal job with the ghosts; the film’s always got the right tone in the paranormal encounters.

Performances-wise, Moranis is probably the best for his range, followed by Weaver for her seriousness, playfulness, and willingness to play a hair band video vixen. Murray’s an engaging asshole, especially once the celebrity aspect comes in. Since Ghostbusters takes place in the real world, there’s a lengthy, sometimes salient subplot about their notoriety. It’ll put them on the radar of EPA pencil pusher William Atherton, who thinks the Ghostbusters are poisoning the air with hallucinogens and saving people from the ghosts they’ve convinced them are real. Given the initial suggestion, Murray’s a sexual predator….

Anyway.

Murray gets reformed really quickly in his courtship of Weaver. He’s never too creepy around her (because she’s a grown woman and not a coed, apparently), but he ends up downright cute.

Akyroyd’s incredibly likable but kind of barely in the movie. He gets a couple big moments, but none really in the second act. The second act has a lot for Ramis, not Akyroyd. Hudson… well, theses will be written about the film’s hostile indifference to Hudson. He gets some material, even some jokes, but he always gets the fastest cuts away.

Speaking of the cuts… editors Sheldon Kahn and David E. Blewitt do just as singular work as the more obviously superlative work from cinematographer László Kovács, Edlund, and Bernstein. Reitman’s not slouching in his direction either. But back to that cutting, Kahn and Blewitt do this thing where they’ll cut just as the next setup begins, usually a comedy scene, and instead of seeing it play out, it becomes this implication for the viewer to mull as the next scene begins. It’s excellent work.

In terms of narrative, the smartest thing about Ghostbusters is that celebrity angle. Akyroyd and Ramis know how to give the audience directions to Willful Way, and seeing their two bashful characters embrace the spotlight is a really cute, absolutely passive subplot. The third act’s got some really functional plotting, but it can’t overshadow the sometimes outstanding story moves.

Ghostbusters is pretty darn awesome. It’s great-looking, well-acted, and a lot of fun.

I really hope they don’t try to turn it into a franchise and screw it up somehow.