Only one filmmaking team should be allowed to make sequels: The Naked Gun people. In Naked Gun 33 1/3: The Final Insult, they reach maximum velocity immediately. Naked 3 sets such a great pace at the beginning, it can't possibly keep up. Inevitably, the movie has its slower sections, coming almost to a halt in a slapstick finale at the Oscars. But wherever you are in the story, there's always something funny coming at you.

It occurred to me, watching the film, that what Leslie Nielsen and Priscilla Presley do here is not easy, and is done well. It would be fatal to the movie if either one ever betrayed the slightest suggestion that they know funny things are going on. They play everything on a level of seriousness that would be appropriate, say, for a 1960s TV cop drama. Their timing is impeccable. And they provide the sure, strong center around which the madness revolves.

Naked Gun 33 1/3 has a sluggish, one-gag-at-a- time rhythm, and it aims at too many soft targets. Aside from the Oscar sequence, the movie’s big satirical coup is a send-up of prison-escape pictures (yawn).

This third installment of the silly and often hilarious send-up of cop cliches is slower to start than the earlier Naked Gun movies. As always, it is a scattershot mix of throwaway lines, topical references and sight gags (a newspaper headline that reads: Dyslexia for Cure Found).

David Zucker and Segal seem to thrive on the formulaic tomfoolery that propels these rapid-fire spoofs. Naked Gun 33 1/3, as pointlessly plotted as ever, manages to be not only still funny but energetically slapped together and occasionally inventive.