By Steve Daly
Updated August 27, 1993 at 04:00 AM EDT

You’d never recognize Wagner in one of his first movies — and that’s probably okay by him. Sporting a frizzy hairdo, he’s laughably earnest as a Greek sponge fisherman in love with a rival diving magnate’s daughter (the even stiffer Moore). Maybe anybody would bomb who had to exclaim — twice — ”I’m a very beautiful young man!” A top grosser in its day (it was one of the first CinemaScope features), Beneath the 12-Mile Reef is beyond soggy now, despite the impeccable transfer it gets here. C+