- Award Snub: Many feel this was robbed of the Best Picture Oscar by The Lord of the Rings: The Return of the King.
- Awesome Music (also a Funny Moment):
Aubrey: Well, Stephen... The bird's flightless?Maturin: Yes.Aubrey: It's not going anywhere.And... cue Boccherini.
- Common Knowledge: Audiences are generally aware the enemy ship in the book is American, but mistakenly assume 1) the ending of The Far Side of the World is identical to the film and 2) the nationality was changed to avoid offending American audiences. In actuality, The Far Side of the World ends on an anticlimax and has a very different enemy ship note so the film was a composite of several books including the climax to the first book, Master and Commander, in which Jack successfully takes a significantly larger ship (a barely armed brig against a 32 gun xebec frigate), with bits from other books. The enemy was changed to Napoleonic France because the bulk of the novels are against Napoleon versus only three involving the United States as an antagonist; the creative staff felt it a sin not to have the true enemy be Napoleon.
- Funny Moments: "Doctor, don't you know you must choose the lesser of two weevils?" The Doctor's "yeah, I walked right into that one" face really sells it.
- Ho Yay: Between Aubrey and Maturin. They have a very close friendship, spend a significant amount of time playing musical instruments with each other, and a large amount of Aubrey's development throughout the movie has to do with how he treats Maturin. Besides, without women, this kind of behaviour was not uncommon among sailors in the Royal Navy.
- Magnificent Bastard: The Acheron's captain, a skilled commander, capable deceiver, and all-around Worthy Opponent for Jack. Oddly enough, he's The Faceless aside from the scene where he impersonates one of his own men — his name and personality are virtually unknown. But then, that's war for you.
- Nausea Fuel: The surgery scenes in this film. Only Stephen manages to keep anything close to a straight face while at work even on himself. The other characters who have to assist him in these procedures show evident signs of being uncomfortable and borderline nauseated at what they're seeing.
- Stoic Woobie: Cute Lord Blakeney really deals well with his fate. Still... he could use being wrapped up in a fluffy blanket and being hugged as he has never been hugged before.
- The Woobie: Hollom. Nothing just seemed to work out for him.