This essay analyses the theatricalized performance of stripping in the popular films Magic Mike (2013; dir. Steven Soderbergh) and its sequel, Magic Mike XXL (2015; dir. Gregory Jacobs). Following a critical dance studies approach that attends to the intersection of body and gesture with socio-political, historical, and economic structures, I suggest theatricalized sexual labour in these films reveals the racial exclusions from the ideology of entrepreneurship. Considering the appropriation of black aesthetics in Magic Mike XXL’s performances of striptease, the film seeks to evaporate the spectre of race, that is, the way the white fantasy of the entrepreneurial subject is supported by the appropriation of racialized and especially black labour.