Incredibly complex and immaculately executed visions of drug-induced other-worldly terror aside, this is a pretty average film. If the director's "trip" visuals were not included, this adaptation would have been a pretty boring story. To be honest, nothing much happens. It's a half hour story stretched much longer. That being said, the performances were great and there were some [visually] incredible sequences.
Amazing psychedelic western, also among my top 5 cinematic experiences visually. Once you realize the symbolism of it all, the battle with inner demons personified in a dire western setting, you cannot help but marvel at the depth. It all ends with water. Wally is the devil. Within, while Mikey... that's you, sir.