Awesome, Dear Boy: Ryan Reynolds would not stop auditioning for superhero movies and talking himself up as the perfect casting choice for any superhero you could shake a stick at. He clearly wanted to be a superhero so very badly, and got to be Deadpool for his persistence.
The Fox executives decided that it would be a brilliant idea to take Deadpool, the Merc with the Mouth and possibly one of the most popular characters appearing in the movie, introduce him and then remove him quickly, and then sew his mouth shut. Because he would be too entertaining and take attention away from Wolverine or something (no-one knows the exact reason).
Director Gavin Hood and top Fox executive Tom Rothman reportedly had clashes over the film's creative direction. One infamous incident happened while Hood was off-set, at which point Rothman took it upon himself to have one of the sets repainted from Hood's original Darker and Edgier theme into something more Lighter and Softer.
Hood has also stated that the scripting process was a mess, and that portions of the screenplay were hastily rewritten as the movie was filming.
Also "Barakapool" because of the swords in the arms.
Franchise Killer: The film was a brief Franchise Killer for the X-Men movies, since it was intended to take the franchise in a different direction following the original trilogy, but the terrible reaction to it killed these plans and a different (and much more successful) direction was chosen in the semi-reboot X-Men: First Class.
Old Shame: Hugh Jackman isn't proud of the film, as he felt it did little justice to his character despite the high praise he received for his performance in an otherwise underwhelming movie; he helped make up for it with The Wolverine.
Promoted Fanboy: Will.i.am was a fan of the X-Men franchise who identified Nightcrawler as his favorite character and was subsequently cast to play a mutant with similar teleporting powers.
Stillborn Franchise: This movie was intended to be the first installment of an X-Men Origins film series spun off from Fox's X-Men films, to be followed by X-Men Origins: Magneto. After disappointing reviews for Wolverine, the Magneto script was eventually incorporated into the much better-received X-Men: First Class and the X-Men Origins series was scrapped.
Troubled Production: The film was delayed by weather and Hugh Jackman's commitments with Australia, begun with an unfinished screenplay - director Gavin Hood detailed that during shooting in Australia, script pages would be sent from LA, at times in the night prior to them being filmed - and saw director Gavin Hood entering conflicts with studio 20th Century Fox, with Richard Donner (husband of producer Lauren Shuler Donner) being forced to join production to mellow out things. And an incomplete version with missing special effects leaked online one month before the film's premiere.