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Is Wayne's world based on Bill and Ted?

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They're both based on late 80s/early 90s metalhead culture. They're drawing from and parodying the same source material. Bill & Ted came first, but neither is a rip-off of the other. Bill and Ted is more a satire of the "losers are actually the hero" 80s TV trope, and Wayne's World is more a parody of TV itself.
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