All this tease from a tepid trilogy has revealed Tampa’s titular hero has simply been a frustrated theatrical choreographer all along. Steven Soderbergh is back at the helm for the third and hopefully final outing, Magic Mike’s Last Dance (C-). The director smashes his endowed everyman Channing Tatum against a proposal from a wealthy businesswoman played by Salma Hayek Pinault to direct a West End London adult entertainment revue disguised as a comedy of manners. It’s a convoluted plot when one isn’t really needed, plus it’s punctuated with observational voice-over narration as if it’s an academic exercise tracking the taxonomies of exotic dancers for a medical journal. Since there really is a British live stage show based on the dancing characters from this series, it’s also one of cinema’s most naked commercial cash grabs since Mac and Me and Million Dollar Mystery, ‘80s films that hawked fast food and trash bags, respectively. There’s a nicely shot smooth dance sequence at the beginning and another at the end, and the central romance between the charming leads has a swirl of sweet moments, but most of the film is either dull or misbegotten. A full proscenium of pole dancers still can’t conjure a respectable spectacle. Unlike the first two films when the ensemble is a winning part of the formula, this time the talented dancers are hardly given any speaking parts at all. Of course Soderbergh is trading in fantasy wish fulfillment, but the plot strains credulity and logic in too many ways to be taken seriously or even to function as campy guilty pleasure. The tones are so wildly different in this trio of thong and dance films that they might as well be classified as an anthology loosely based on a similar notion with one common cast member. What started with a g-string and a prayer has packed on so many layers, the series has almost forgotten it’s supposed to be about strippers. This film strains for the graceful exit.