The latest trailer for Batman v Superman hit late Wednesday night, and if you weren’t excited before, you should be now. In case you hadn’t seen, Warner Bros. gave us another very revealing look at what to expect when the other Civil War movie drops next year, and we now know it’ll feature one of DC’s most iconic villains (who somehow looks like he’s ripped straight from The Lord of the Rings).

It was an awesome trailer, full of really great tension and details about why Batman is so livid with Superman. But I’m also a little worried Warner Bros. is showing its cards too early. Yesterday’s trailer essentially had a beginning, middle, and end, and it’s not difficult to guess how the movie concludes. So did we just watch the entirety of Batman v Superman in the span of three minutes? I sure hope not.

Despite Warner Bros. potentially oversharing, it was still fun to get an expanded look at how this is going to shake out. What I found even cooler than Batman and Superman duking it out was the tension being created between Bruce Wayne and Clark Kent. What’s that swanky party they’re out? And do the two of them know their secret identities? It sure appears that way.

Let’s take a deeper dive and see what we can extract from yesterday’s trailer. (But before we go any further, can we take a moment to acknowledge how Wonder Woman might steal this whole movie?)

The trailer begins at a party, where both Bruce Wayne (Ben Affleck) and Clark Kent (Henry Cavill) are in attendance; Clark Kent as a reporter, and Bruce Wayne as a guest. The two heroes come face-to-face on the red carpet, where they immediately begin sparring back and forth with words. Kent points out the vigilante nature of Batman, while Wayne talks about the dangers of trusting a God-like alien.

At one point, Wayne says, “I have a bad history with freaks dressed as clowns,” which is not only a knock on Superman’s outfit, but a reference to the Joker, who was alluded to in the previous Batman v Superman trailer. As Wayne says this, we get another look at Robin’s tattered costume, which is mockingly spray painted by what looks like Joker’s handwriting. Was this the reason Batman went into (a temporary) retirement?

The conversation between Kent and Wayne is interrupted by Lex Luthor (Jesse Eisenberg), who’s overly chipper and inviting. His behavior reminds me quite a bit of how the Joker might act were he not in makeup; is that where Luthor is deriving some of his inspiration from? It could simply be a “different” take on the popular character. During Luthor’s encounter with Kent and Wayne, you get the sense that Luthor might somehow know the identity of Kent, too.

We get a few more shots that we had already seen in the previous teasers, and then a concerned Alfred (Jeremy Irons) asking Bruce Wayne, “You’re going to go to war?” Alfred clearly doesn’t approve of Wayne’s decision to don the cowl and go after Superman. But Wayne, who was right in the middle of the battle between Superman and Zod in Man of Steel, feels someone with Superman’s power cannot be trusted, and therefore needs to be destroyed.

Because of what happened that day, Batman is driven to deal with a threat he feels will destroy humanity. Who is really the bad guy here?

Alfred tries to reason with Wayne, “You know you can’t win this. It’s suicide.”

This is where the action really begins to ramp up, with shots of Batman in his armor suit, and Superman toying with him like a cat would a mouse. It’s clear Batman is overmatched.

“The greatest gladiator match in the history of the world,” Luthor says as the two heroes continue to fight. “Son of Krypton versus Bat of Gotham.” Well, I guess Luthor knows where Superman came from, but how?

After another quick montage of fighting, we cut to a warmer climate that sees Batman dressed in military garb, with a flurry of action going on around him. It’s unclear what’s actually happening, but rumors suggest it’s just one big dream sequence. In any case, there are weird bug people flying around, and they look to be on Batman’s side.

“Stay down,” Superman shouts to Batman. “If I wanted it, you’d be dead already.” And it’s true. Although Batman’s armor allows him to get into the ring with Superman, the truth is he’s no match for the power and abilities Superman possesses. There are a few sequences when Superman gets pummeled with bombs and bullets, and simply brushes it off as if nothing even happened. It’s going to take a weapon that’s not man-made to take Superman down.

The trailer cuts to a shot of two soldiers transporting something from the Medical Research Institute of Infectious Diseases, and we soon find out that Lex Luthor is performing some kind of evil experiments.

“If man won’t kill God, the devil will do it,” Luthor says, which leads us to the trailer’s biggest reveal: Doomsday has come to play. The footage seems to suggest that Luthor was able to resurrect the corpse of Zod into the hulking super villain, who appears to possess the power of Superman, but amplified. It’s unclear what Luthor intends to do with Doomsday other than to destroy Superman, but how can he expect to control such power?

Doomsday uses some kind of heat/face canon aimed at Batman, who is saved in the nick of time by Wonder Woman (Gal Gadot). It’s an absolutely magnificent scene, and shows the audience that she will be a force to be reckoned with on her own right. We’re not sure where she stands on the whole Batman v Superman thing, but it’s nice to see a third-party show up, and essentially unite the two quibbling adults.

Although much of the attention will be on Ben Affleck as Batman, I’m more pumped to see what Gadot can do as Wonder Woman (who is getting her own solo movie; it’s currently filming).

“She with you,” Superman quizzically asks Batman. “I thought she was with you,” Batman responds. Aw cute, they’re friends now.

The trailer ends with a wonderful shot of the three heroes ready to face up against Doomsday, with Wonder Woman taking the lead. But, of course, before any more of the battle is shown, the trailer cuts off, revealing the film’s title card.

From what we could tell, there weren’t too many secrets in the trailer that we hadn’t already spotted in the first one. However, what this trailer did do was establish a story, showing audiences that Batman and Superman eventually come to terms in order to fight a much more dangerous threat.

It’s a little disappointing that Warner Bros. decided to reveal so much of the movie, but I still very much enjoyed what was shown. If I had to guess, there are still many more secrets that have yet to be unveiled, so you’ll still want to run to theaters once Batman v Superman releases on March 25, 2016.

A few quick notes:

  • I’m really liking Batman’s voice; it beats the heck out of whatever it was Christian Bale did.
  • I love, love the war of words between Clark Kent and Bruce Wayne at the party. There’s an obvious tension there, and an aggression that will obviously carry over into them fighting.
  • Jesse Eisenberg appears to purposely bring the two characters together, further encouraging the hate between the two. Rumors have it he’s the catalyst that fuels Bruce Wayne’s hate for Superman, manipulating him to destroy Superman for good.
  • Was Lex Luthor simply trying to re-animate Zod? Or was it his plan to create Doomsday all along?
  • How will the government respond to the arrival of Wonder Woman? To Lex Luthor? Will Doomsday be destroyed, or will he be a future threat when the heroes convene again for Justice League?