It may not have withstood the test of time like Airplane! or Hot Shots!, but this is definitely still one of the best movies in the genre. But to be honest, Cary Elwes carries this entire movie. Dave Chappelle does a decent job but no more than that.
I remember watching this as a teenager in the theatre, it was the best thing ever. Tried watching it again last year, and had to stop for how cringe it was. Better left to memories for me.