This movie is set in a future where everyone knows karate and virtual reality is the main source of entertainment. He also, rather inexplicably, brings the head bad guy from the virtual combat game to life as well. Predictably, the virtual combat guy goes on a rampage and kills stuff.
Life is apparently really easy to create.
Our hero, of course, chooses to try for the second method. The first time we see life created in the green goop tub, it takes about five seconds. This, of course, gives him and the good guy time to fight. They fight for about fifteen minutes, after which the five minute counter is just running out. The good guy turns off the green goop machine, and everyone lives happily ever after.