With less than a week until the release of Deadpool & Wolverine, the latest trailer has given us our best glimpse yet at the Deadpool variant—Lady Deadpool. A figure in the trailer with a blond ponytail has rekindled certain rumors.

For nearly a year, there have been persistent rumors that Taylor Swift would appear in the film as Lady Deadpool. Several factors fueled these rumors: Swift’s close friendships with Ryan Reynolds and Blake Lively, and Reynolds’ frequent references to her in promotional materials.

Reynolds and Levy had multiple chances to dispel the rumors but instead fueled them with their cryptic comments and evasive answers, likely because the movie benefits from the extra buzz. A few weeks ago, it was officially announced that Swift would not be in the film, but that news was overshadowed by the release of the recent trailer.

The trailer’s depiction of a character...