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Trivia: Both Heather Graham and Will Ferrell reprised their roles from prior films, with each getting a cameo explaining what happened to their characters, but both had to be cut for timing and pacing reasons.

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Trivia: The "movie within a movie" is entitled "Austinpussy." This was one of the original working titles for the second film. It ended up being dropped because it sounded too dirty.

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Trivia: Mike Myers has stated that he would love to do a fourth film in the Austin Powers series, although as of 2018, a fourth film has not been released. Myers stated that after the death of co-star Verne Troyer in 2018, he would like to include a tribute to Troyer in a potential fourth film, should it ever be made.

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Trivia: MGM, the company that releases the James Bond films, successfully halted the release of posters and promotional materials for this film a few months before release, arguing that the Austin Powers series was profiting off the James Bond name. This is despite the fact that parodies such as Austin Powers are traditionally protected by copyright law. MGM and New Line (the company that produced "Austin Powers") eventually settled their differences when New Line agreed to attach trailers for the next Bond film ("Die Another Day") to this movie.

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Trivia: The prior film was released the same year as Star Wars: Episode I. Early trailers for that movie had the humorous tagline "If you see one movie this year... see Star Wars! But if you see two movies, see Austin Powers!" As a nod to that, trailers for this film (which was released the same year as Star Wars: Episode II) stated "If you see one movie this year, see Austin Powers! If you see two movies... see Austin Powers again!"

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