It is clear that Phil, who is perhaps 15 years older than Larry and has recently been divorced, has lost the will to sell. While Larry seems to harbor genuine love for his longtime buddy, he is still burning with testosterone-fueled ambition.
Larry knows how to deal with Phil, but he is less prepared for the third member of their team, Bob (Peter Facinelli), a wide-eyed rookie from the research department. The tensions in the room escalate as all three await the arrival of the executive they want to court -- a.k.a. "The Big Kahuna," a.k.a. "El Kahuna Grande," as Larry at one point calls him.
Rueff and Swanbeck have added a few brief fantasy sequences, as well as some insignificant scenes outside of the hospitality suite, but for the most part, The Big Kahuna is a three-person play masquerading as a movie. But unlike Who's Afraid of Virginia Woolf or No Exit, this story doesn't have enough power to claim our attentions, and Rueff's drawing of the characters isn't all that deft.
Spacey is the main reason to watch; as always, he impresses through sheer force of talent. But there is way too little else going on here.