To me, overrated is just an opinion. If you feel a film has achieved a high status that is undeserved, then you, personally, feel it's overrated.
To me, The Boondock Saints is overrated. I know people who literally have cults around it, and I feel it's a weak movie which had to borrow everything it has going for it from other movies.
I, personally, feel it's overrated; or I, personally, don't think it's as great as people say it is.
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