NOTE: This review contains spoilers for “You Can See Everything.”
Sometimes the best journalists are people who don’t even purport to be journalists. The late Anthony Bourdain was one such accidental herald, as was “Borat” star Sacha Baron Cohen before the gonzo comedian became recognizably famous no matter his alter ego. Let’s go ahead and add writer/performer Nathan Fielder to the list. You and I know Fielder best from “Nathan For You” and “The Rehearsal.” Everyone else is about to know him for “You Can See Everything,” a tag team effort with documentarian Lance Oppenheim that is not only the best film of 2026 so far, but also one of the finest works of journalism I’ve ever seen.
This movie arrives in theaters with plenty of deserved Oscar buzz. But in this case, a mere filmmaking award seems insufficient in recognition. As far as I’m concerned, this thing deserves a Pulitzer (categories be damned). And maybe a Nobel Prize.
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But I’m getting ahead of myself. In case you haven’t seen the film’s trailer, “You Can See Everything” is a portrait of infamous Theranos founder Elizabeth Holmes, who was convicted in 2022 of defrauding her company’s investors and is currently in prison in Texas. You can read all about Holmes in John Carreyrou’s book “Bad Blood,” an essential tick-tock of the Theranos scandal. The book not only tells the story of how Holmes led people to believe that her company’s revolutionary blood-testing hardware worked (it did not), but also of how the greater Silicon Valley culture inspired Holmes, and in some cases perhaps abetted her. The Theranos scandal was one of the highest profile financial scandals of this century, and Holmes was the haunting, unblinking face of it.
Holmes went dark for years after her malfeasance was exposed, until she and her fiance, Billy Evans, agreed to let Fielder and Oppenheim into their slipshod rental cottage in Del Mar for weeks on end and film the couple (and their two very cute children) as they prepared for Holmes to report to prison. Fielder and Oppenheim were allowed to film the Holmes family nearly 24/7, with Fielder at one point agreeing to stay with the family for an extended period of time. Hence, the film’s title. You will, indeed, see everything. Almost too much of everything, given that this doc runs nearly three hours, and given that the camera stays uncomfortably tight on its participants, Fielder included, for the bulk of that time.
You’ll also see Billy Evans’ penis, so be warned or titillated as you see fit.
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As Fielder ingratiates himself with Holmes and Evans, he gets them comfortable enough to ask the hard questions: about Theranos, about prison, and even about themselves. The resulting footage is often shocking. You will see Elizabeth Holmes, who still maintains she did nothing wrong, answer “no” when Fielder asks her if she’s ever lied in her life. You will hear Billy Evans, the real villain in this particular story, tell everyone in the room that he carries a gun on him 24/7. You will see Fielder screen the legendary “Who’s on first?” sketch for Holmes and her partner, with Holmes missing the central joke of the sketch entirely. You will see Fielder explain to Holmes that “Who” is the name of the guy on first base, with her still not really grasping it. And you’ll see Holmes’ partner tell her, “You see the world differently,” in a skin-crawling attempt to turn her seeming cluelessness into something laudatory. The Silicon Valley mindset at work.
Elizabeth Holmes and her child in the film “You Can See Everything.”
Courtesy of A24Speaking of the Valley mindset, you will also see Holmes and Evans spend a great deal of time in this movie attempting to boot up Theranos 2.0. They even go so far as to drag out some of the original Theranos blood testing apparatus, which looks like a bunch of random parts from TigerDirect they hooked together, to show Fielder what their product can do. We do not see it doing anything on screen, but the couple assures that it we would if it was, like, hooked up properly.
These scenes are extremely funny, but funny isn’t what Fielder is looking for. He’s trying to figure out if this woman is a clueless naif, if she believes her own lies, or if she is playing the character of an innocent woman, and doing so with such effectiveness that, to paraphrase Fielder, she might be the most manipulative person in the world.
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The answer proves fabulously elusive, and so Fielder and Oppenheim go to extremes in their attempt to find it. They hold the camera on Holmes’ rubbery elfin face for what feels like hours at a time, to see if she’ll blink (figuratively or literally!). They interview Holmes’ visiting parents, with the father, former Enron exec Christian Holmes, casually telling Fielder that everything changed for his daughter “when she was raped.” To the furthest extreme, they bring in actress Amanda Seyfried — who played Holmes in the Hulu TV show “The Dropout” — to recreate any dialogues Fielder had with Holmes herself that couldn’t be recorded on camera. Seyfried is so convincing in mimicking Holmes that you, the audience, might forget which scenes were Seyfried talking to the camera and not Holmes herself. I know I did.
It gets crazier. After Holmes reports to prison, Seyfried joins Fielder on a trip to visit Billy Evans in a clandestine attempt to get Holmes’ partner to admit that, without Holmes’ knowledge, he demanded (and for a moment, received promise of), monetary compensation from the A24 studio for the couple’s participation in this documentary.
A brief pause here. Billy Evans is scion to the San Diego-based Evans Hotels family fortune. Evans met Holmes well after she’d become notorious, but tells Fielder early in “You Can See Everything” that he didn’t recognize her when the two first met. In fact, he fell in love with Holmes within an hour of meeting her, then found out who she was, then still wanted to be with her anyway. Do you buy this story? Of course you don’t. This man is incredibly full of s—t, and that becomes even more apparent when he’s confronted by both Fielder and Seyfried after Holmes has reported to prison. That’s when we hear Evans sneer, “I’m better read than you,” at Seyfried — who, as a reminder, is one of the most skilled people in the world at her chosen profession. He also taunts Seyfried for getting “owned” on Twitter after she derided the late white supremacist Charlie Kirk, whom of course Evans actually admired. This man is an absolute piece of s—t.
A still image from the film “You Can See Everything.”
Courtesy of A24Thankfully, Seyfried says as much, becoming audience surrogate after that alarming sequence and telling Fielder that Holmes’ partner is “bats—t crazy.” Amanda Seyfried might be the coolest person in Hollywood. As for Fielder, he’s left wondering if Holmes has been victimized by her own partner, by her former Theranos paramour Sunny Balwani (also now in prison, and whom Holmes also accused of raping her), and by God knows who else. Was this woman, once a billionaire, more pawn than mastermind? Fielder shows some (platonic) fondness for Holmes over the course of this film, but by this point in the story it’s hard to know if he, the interviewer, is also playing a character in order to get what he wants.
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Fielder, to his credit, acknowledges the thorniness of all this. He’s openly uncertain of having Seyfried dramatize Holmes’ words on camera because, no matter how talented the actress is, it’s still not Holmes herself saying those words to the camera. He also doesn’t know if he’s surreptitiously fallen for Holmes’ graciousness, to the point where he questions himself to Seyfried for believing Holmes when she told him, almost on a lark, that she had no clue Evans was making money moves behind her back. That leads to Seyfried herself wondering if her own Hulu portrayal of Holmes was truth, blurred truth, or just fiction. By the end of the film, Seyfried isn’t sure what the word “fiction” should even mean.
That’s what makes this film a masterwork. “You Can See Everything” refers plainly to the extensive footage that Fielder and Oppenheim were able to obtain. But here’s a documentary that also shows you, the audience, its whole methodology. It allows you to see the potential flaws in its reporting, and how those flaws might impede the filmmakers’ attempt to find real answers.
It’s that truly radical transparency that differentiates this documentary not only from the tacit sponcon docs that now plague your television (Billy Evans cites Prince Harry and Meghan Markle’s deal with Netflix as a reason that he should be paid by A24 for appearing on camera), but also from a lot of the best pure documentaries ever filmed. Here is a movie that exists on a level with Banksy’s “Exit Through the Gift Shop” as a superlative example of how the truth can be not just impossible to find but, with great determination, can be eradicated altogether. I’ll never forget it.
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Drew Magary is a columnist for SFGATE and a co-founder of Defector. His new book, "The Night the Lights Went Out," is available right now.


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