What a great way to spend a couple of hours in a 'they-don't-make-'em-like-that-anymore' quality comedy. George Hamilton displays really quite remarkable comic acting ability in terms of timing and versatility. The need for him to switch between two characters 'live' such as when Ramon first tries to be Zorro is limited, but it is spell-binding nonetheless. The fun with the English and Spanish languages is consistently funny, and apart from just slightly running out of steam right at the end, the whole film keeps a knowing smile on its face throughout.
Good, more-or-less clean fun that manages to be charming, intelligent and witty while only very rarely seeming contrived (given that the whole thing is artifice from beginning to end) and with no unpleasant edge to it at all. But that's only if you're prepared to enter into the spirit of the film in the first place. What you get out of this film is very much dependent on what you want to get out of it. It helps if you know a little Spanish but I don't think it would hurt if you don't.
My favourite scene is when the Alcalde is unmasking multiple Zorros while dressed himself as Henry VIII. It's the shoes.