Wayne's World 2 does not feature any identifiable LGBTQ+ characters or themes. The narrative focuses on Wayne and Garth's efforts to organize a music festival, with no explicit or implicit representation of queer identities or experiences within the storyline.

Wayne's World 2 does not feature any identifiable transsexual characters or themes within its plot or character arcs. The film's comedic narrative focuses on Wayne and Garth's adventures in rock and roll, without engaging with transgender identity or experiences.

The movie does not contain any action or adventure elements.

Wayne's World 2 is a sequel that continues the story with established characters from the first film and SNL sketches, all of whom retain their original genders. New characters introduced in the film do not represent gender swaps from prior canon or historical figures.

Wayne's World 2 is a sequel where the primary characters, Wayne Campbell and Garth Algar, are reprised by their original actors, Mike Myers and Dana Carvey, respectively. Other established characters also maintain their original racial portrayals. No instances of a character established as one race being portrayed as another were identified.