There's one scene early on where all the guys are forced to strip at a gay bar, that could have been cut really easily, and nothing would be lost, not even comedy considering how unfunny that sequence was. These random sequences do drag the film down a bit, but overall I really liked it. This is apparently a differing opinion to the critics given its 30% on Rotten Tomatoes, but it is a great Star Wars movie.
That is what the film is really about, fanboys, the rampant devotion of the titular characters is shown throughout the film, not necessarily in a positive light, but in an honest self evaluation. The creators of the film were obviously huge fans, from the use of original sounds to the constant references, and choice of actors it shows a nerds devotion to the art of Star Wars.
It also shies away from the obvious "the prequel's sucked lolololol" jokes, aside from one minor comment at the end, and this makes it a much better film. It embraces the cheesiness of Star Wars, but also shows just how much any given media can mean to fans, as the events that drive the film are because one devoted fan just wants to see Episode 1 before he dies of cancer. This is the serious plot point that could have used more time, though it does kind of undercurrent the film, and there is a lot of more subtle hints at it throughout, thought they could have been expanded upon.
Some of the fanboyness shines through , like when they stumble upon Lucas' private sanctuary, with all the original props, it is an amazing sight. The reverence they treat the films with is what sets this apparent from parodies like Scary Movie and the like, it embraces the subject matter lovingly, though not without good humor, instead of insulting it. Overall this is what makes it the better film, and definitely one I would watch again, as the loving reverence reminds of an age past, when the original trilogy was all there was, and we loved every last moment of it.