The struggle of a homosexual to repress his true nature in a culture of bigotry is not a new story, but here it's told in a whole new way. Young Peter, a clearly gay young man, sees his struggle against his homosexuality in comic book terms: his outser persona becomes "masked" in macho words and deeds, hiding his "secret identity" from the world. He sees his homosexuality as the horrid "Dr. Octopus," a grotesque villain fairly covered in rather blatant phallic symbols. Even so, he finds excuses not to be with the girl he has convinced himself he is in love with, typical behavior of one in his spot. The comic book motif breathes new and refreshing life into this age-old dilemma.
And to those who claim not to pick up on the homoerotic subtext of a story about a man spewing forth a sticky broth from his "web shooters" to battle another man with several 20-foot long grasping phalluses protruding from him is probably intentionally missing the point, not unlike young Mr. Parker in the film.