What we learned from Netflix's latest trailer for the Will Smith-starring 'Bright'

Netflix has let us a little deeper into the world of its upcoming Will Smith-starring fantasy movie, Bright, with a new trailer that shows us everything from who really runs the alternate reality Los Angeles setting, to what you definitely shouldn't call an orc.

Starring Smith as a human cop partnered with Joel Edgerton as the world's first orcish police officer, Bright revolves around the pair working together to protect the Los Angeles area from an evil elf who has plans to wreak havoc with a magical artifact. But as Smith jokingly explained at San Diego Comic Con earlier this year, the film is more of a socio-economic statement with fantasy elements tacked on.

The video below contains foul language, please watch at your own discretion:

"It was really great to be an African-American police officer who found someone to be racist against," Smith said at the time, adding that Bright is "a beautiful snapshot of our world, without hammering it too much."

Now, though, with the release of a new redband trailer, fans can get a better look at what Bright deals with in detail. Here is what learned from Bright's latest trailer:

Netflix paid a reported $90 million for Bright, and judging from the trailer, they got a whole lot of slick effects and star power for their money, thanks to favorites like Smith and Edgerton. The result is a film that appears to have been made for a major studio with a theatrical release in mind, rather than a flick that comes from a streaming service. Amazon and Netflix have tended to raid film festivals for their content rather, dealing with smaller movies, rather than the big budget pictures. Netflix debuted the first trailer during the Oscars. It's even being released during a time often reserved for big movies: December 22. Already star The Last Jedi? Maybe stay home this Christmas and catch Bright.

The look combined with direction from Suicide Squad helmer David Ayer could give Netflix its first blockbuster movie — a chance the company missed out on with the Brad Pitt-starring War Machine, which was released earlier this year to mostly negative reviews. As Engadget points out, Netflix has also expressed interest in turning Bright into a franchise, should it do well upon release.

Bright takes place in an alternate reality Los Angeles where humans live among fantasy races like orcs and elves. Specifically, a magic wand that one character describes in the trailer as "a nuclear weapon that grants wishes."

The trailer revolves around Smith and Egerton's characters chasing down and protecting the wand from evil elf Noomi Rapace, as well as any nefarious humans that may want to get their hands on the artifact. That task takes them through just about action movie scenario you could imagine, from car chase shootouts to outrunning massive explosions.

With its roots in traditional action movies, Bright has plenty of peril, suspense, and violence, so you might want to screen it alone before giving the kids a glimpse. Also, Smith curses in this — a lot — so don't expect his usual PG-rated presence to make the flick kid-friendly.

But then, perhaps we should have known that earlier, judging by director Ayer's introduction of the film's first trailer at San Diego Comic Con earlier this year.

"This ain't no bulls— PG-13 studio movie," Ayer said. "I was able to do my s—. I was able to do my thing."

Much of the trailer is framed around Smith and Edgerton's characters explaining their situation to a superior who appears to be an elf, but is nonetheless still upset at all the destruction they had been causing. Later in the trailer, another scene shows a highway sign in the Los Angeles area indicating an exit for the "Elf District." Rapace's elf character, meanwhile, seems to lurk around every corner.

That's all probably because, as Polygon points out, humans aren't in charge — elves are. In the Bright universe, the site notes, elves are the "wealthiest, most elite group" in the world, putting them in positions of privilege and power over all the other races in alt-LA. Orcs, however, are the lowest on the totem pole, leading to an interesting message for a fantasy film.

With all those different beings sharing a city, there are plenty of opportunities to offend someone, but in the trailer, Smith decides to drop what appears to be the equivalent of a racial epithet on one angry orc.

"I need you to take your fat, Shrek-looking [expletive] back the [expletive] home to Fiona," Smith says, referencing the 2001 film about an ogre voiced by Mike Myers. After the trailer cuts to Edgerton's orc character looking uncomfortable, it becomes clear Smith's character needs a little sensitivity training — which the other orcs provide by stomping him out.