Will Smith #1, Bow Wow #3 At Box Office

'Like Mike' makes surprising show, besting 'Lilo,' 'Minority Report.'

The holiday weekend gave Will Smith yet another reason to celebrate.

Over the long Independence Day weekend that shares a name with one of his previous sci-fi blockbusters, "Men in Black 2" earned an estimated $54.1 million, placing the artist formerly known as the Fresh Prince and his partner, Tommy Lee Jones, atop the box office throne. (Click for photos from the movie)

The sequel to the comic-book-based action/comedy blockbuster "Men in Black" bested the competition to become the fourth movie in as many weeks to land at #1 in what has become a highly competitive summer season.

The weekend's two other widely released flicks — Bow Wow's basketball fantasy "Like Mike" (see "Can Bow Wow Match Basketball's Top Dog At The Box Office?") and the animated action pic "The Powerpuff Girls Movie" — slid in at #3 and #9 with $13 and $3.5 million, respectively.

Last week's #1 film, "Mr. Deeds," (Click for photos from the movie) finished second with $18.8 million in its second week of release (see "Mr. Deeds In The Money At Box Office As Well"). "Minority Report," America's #1 movie before the Adam Sandler-driven "Deeds" debuted (see "Tom Cruise Threatened By Tubby Blue Aliens"), slipped to #5 with $12.4 million for an overall take of $96.8 million — it was bested by Disney's "Lilo & Stitch," which took #4 with $12.7 million.

The rest of the top 10 includes "Scooby Doo," another former #1 (see " 'Scooby' Takes #1, Breaks Record — No, Really"), at #7 with $7 million for an overall take of $137.5 million. Matt Damon's "The Bourne Identity" earned $9.1 million to come in at #6, while his buddy Ben Affleck's "The Sum of All Fears" came in at #8 with $3.7 million for an overall take of $111.9 million. "Divine Secrets of the Ya-Ya Sisterhood" rounded out the top 10 at #10 with $2.8 million.

The weekend was also cause for celebration for the filmmakers behind "Spider-Man" and the slew of comic book movies gearing up to follow in its wake, as the Sam Raimi-directed superhero spectacular moved past the $400 million mark after bringing in another $2.2 million.