Science fiction movies have been a source of entertainment for many decades, but they have also been an inspiration for many people in the science and technology domains. Science fiction is not just about entertainment: it has been recently adopted also as a speculative design approach useful for designing and reflecting on the possibilities of future technologies. In this paper, we take existing science fiction works (movies) as speculative designs to understand and reflect on the possibilities of virtual reality. We have created a database of science fiction movies, TV shows, and episodes and analysed it along the dimensions of technology, form factor, user’s body position, and application domain. The result is a structured analysis of how existing science fiction movies have imagined the possibilities for virtual reality. This analysis may serve as further inspiration or for identifying research and development paths related to virtual reality.