By the time Valentine arrived in early 2001, the slasher revival ignited by Scream was already beginning to show signs of exhaustion. What had once felt like a sharp meta-correction to a moribund genre was fast becoming a formula in its own right, and Jamie Blanks’ glossy, well-cast but timid thriller stands as one of the cycle’s clearest examples of diminishing returns.

On paper, the ingredients are sound. A high-school humiliation echoes forward into adulthood. A masked avenger marks his victims with sentimental cruelty. A quartet of recognisable young stars — Denise Richards, David Boreanaz, Marley Shelton, Jessica Capshaw — circle one another in a web of suspicion and romantic misdirection. Even Blanks himself, coming off the more stylish Urban Legend, seems an ideal candidate to steer a post-Scream whodunit into the new millennium.

Yet Valentine is a film curiously afraid of its own moment.

Where Scream and even I Know What You Did Last Summer attempted — however commercially — to interrogate genre mechanics, Valentine retreats. Instead of advancing the slasher into the 2000s, it slides backwards into mid-90s complacency, borrowing the superficial trappings of postmodern horror while abandoning the intelligence that made the revival briefly compelling. Its mystery is serviceable but inert, its twists telegraphed, its structure overly reliant on red herrings that never generate true paranoia.

The central conceit — that cruelty in adolescence metastasises into murderous adulthood — should provide psychological bite. Instead, the film reduces trauma to a blunt narrative engine, less interested in emotional consequence than in ticking off victims one by one. The killer’s motivation is comprehensible but thin, treated as an excuse for mechanics rather than an exploration of obsession or grievance.

Blanks directs with polish but little personality. The camera glides, the lighting flatters, the murders are bloodless enough to appease ratings boards — and in doing so, drain the film of impact. Even the Valentine’s Day setting, rich with symbolic potential, becomes mere decoration: hearts, cards, masks, all deployed without irony or thematic weight.

What lingers is not terror, but missed opportunity.

The cast, to their credit, does what it can. Shelton brings a quiet steadiness, Richards an icy defensiveness, Boreanaz the requisite brooding ambiguity. Yet the screenplay affords none of them enough interiority to transcend archetype. They are suspects first, characters second.

The Prognosis:

Valentine plays less like a product of horror’s rebirth than a sign of its impending fatigue. It mistakes imitation for evolution, reverence for innovation. Where the genre should have been pushing forward — into new forms, new anxieties, new structures — Valentine clings to the safety of familiar rhythms and well-worn shocks.

Not incompetent. Not irredeemable. But emblematic.

A film that wanted to ride the coattails of Scream, and instead found itself stranded between decades — too self-aware for the 90s, too conservative for the 2000s, and ultimately too cautious to leave a lasting scar.

• Saul Muerte