In the post I mentioned I couldn't remember how or why I thought about this, but it just dawned on me. I was thinking about cyberpunk as a genre and was trying to think of films that fall under that category. I found a list on imdb, something like top 100 cyberpunk films, and Wax was on that list.
When I started looking stuff up about this, the thing that really struck me was the article I had found from November '93 where he kind of casually predicted the future of entertainment on the internet. Besides that, it goes into some detail about the technology he used to make the film, mentioning in the article "Both the PC work, analog work, and the majority of the production material were fed through a real-time 2-D/3-D joystick controlled, key-frame based device called Impact, from Microtime." What on God's flat earth is he talking about? I don't know, and there are likely only a handful of people that remember: a niche technology used for what was at the time a niche field, but which possible serves as the "senile grandpa" (as I like to put it) of something essential today.
The vast gulf of technological power between the time I was born and the time that is now is absolutely incredible. The curve of progress and innovation in this realm only continues to bend upwards.