Remember what we were taught about how something begins innocently, and after a time, expands into a legend?
Back when that movie came out, an old coot I knew who worked for one of the big defense outfits laughed his ass off about The Philly Experiment.
And the truth...as always..is dopier than the fiction.
A ship was drydocked yes, but warp nacelles were not installed, he told me. Far simpler stuff, pure high school science, not a cloaking device.
One, the screws were removed and new ones installed, with a different pitch, etc. Why? To fool German sonar operators, who, by the RPM's and cavitation noise can pretty well guess what they're chasing. So, bye-bye destroyer and hello, well, whatever.
Two. It was known that the u-boots had magnetic-homing torpedoes. How to fool such? Simple: wrap the boat in miles of cable, apply AC and presto..no more magnetic signature. A steel ship, after a time, absorbs the Earth's mag field, and polarizes. So, AC on, hummm...and no more magnetic field!
One new-propped un-gaussed boat. No warp, no Einstein-Rosen doors, no cloaking devices. Apparently, some sailors, perplexed as to this "high-tech" deal were pretty impressed, but, over time, expanded this yarn into...legendaria urbanis.
Go make a movie about that. Call it Beakman Goes To Sea. Rated B for boring.