Soooo….where do I start.
If I were a young film maker, given a budget and a shot at the big time, I would, first, copy everything Spielberg has done to make my own name in Hollywood. Second I would forget everything I knew about Spielberg movies so that I could actually make a decent original movie.
Add Goonies to Close encounters, ET, Jurassic Park and borrow from Signs, and you get Super8.