Subtlety has never really concerned Australian-born filmmaker, Baz Luhrmann. The man who brought us as Romeo and Juliet and Moulin Rouge is both known and reviled for his dazzling and glitzy visual panache, and the notion of impossible love is forever present as the heart of his largely theatrical and melodramatic productions.

Flamboyant and extravagant, The Great Gatsby is visually striking, but when stripped down, has little to offer.

The film opens with a depressed and weary Nick Carraway (Maguire) who is being treated for alcoholism. Unable to articulate his thoughts on a man named Gatsby, he begins to put pen to paper under instructions from his doctors.

We then flash back to 1922, where Nick, then a bond salesman, moves to the fictional town of West Egg, nearby to his cousin Daisy Buchanan (Mulligan) and her husband Tom (Edgerton). Nick's new home happens to neighbour that of a mysterious and elusive Jay Gatsby (DiCaprio). An enigma to his neighbours, Gatsby perennially throws the most extravagant parties, but the millionaire generally lives his life as a recluse.

After discovering that Tom is having an affair, Nick receives an invitation to one of the Gatsby's infamous parties. Once there, Gatsby reveals that he is still in love with Nick's cousin Daisy, after a brief romantic encounter years before. As Nick slowly becomes entangled in the bizarre life of Gatsby, the cynicism and hypocrisy of West Egg's inhabitants drives the characters to great lengths to preserve their own vanity and sense of self-importance.

F. Scott Fitzgerald's novel has continually struggled to translate onto the big-screen and previous adaptations have failed to capture the essence that made this the 'Great American Novel'.

Disappointingly, Luhrmann's stab at the project has yielded few improvements. The director's trademark approach is extraordinary, and over-the-top doesn't begin to describe the flamboyant visual experience that he creates. But while for the most part it works, the unflinching visual style and the sweeping overhead shots prove to be a little too sensational for what is an intricate and complex plot. 

However, the biggest downfall is the emotional hollowness of the story. Luhrmann fails to infuse emotional connections between the characters, while the soundtrack – which features everything from jazz and hip-hop to techno and dance – is every bit as awkward as it sounds.

Despite Luhrmann's misguided post-modern motions, DiCaprio gives the film depth with an excellent interpretation of the eponymous character's charm and allure. Meanwhile, Mulligan plays her character in a way that maintains her position as the object of desire perfectly; though she too is a victim of the absurdities of West Egg, it becomes difficult to surrender any sympathy to her. Maguire, on the other hand, shines in his wallflower role; although he is guilty of enabling many of the decisions that the characters make, he retains an innocence and naivety that is integral to the plot.

All in all, Luhrmann's The Great Gatsby fails to render the novel's grandness in terms of plot, but taken as a whole package, the stylistics make for an entertaining piece of cinema.