An axisymmetric film bridge collapses under its own surface tension, disconnecting at a pair of pinchoff points that straddle a satellite bubble. The free-boundary problem for the motion of the film surface and adjacent inviscid fluid has a finite-time blowup (pinchoff). This problem is solved numerically using the vortex method in a boundary-integral formulation for the dipole strength distribution on the surface. Simulation is in good agreement with available experiments. Simulation of the trajectory up to pinchoff is carried out. The self-similar behaviour observed near pinchoff shows a ‘conical-wedge’ geometry whereby both principal curvatures of the surface are simultaneously singular – lengths scale with time as t2/3. The similarity equations are written down and key solution characteristics are reported. Prior to pinchoff, the following regimes are found. Near onset of the instability, the surface evolution follows a direction dictated by the associated static minimal surface problem. Later, the motion of the mid-circumference follows a t2/3 scaling. After this scaling ‘breaks’, a one-dimensional model is adequate and explains the second scaling regime. Closer to pinchoff, strong axial motions and a folding surface render the one-dimensional approximation invalid. The evolution ultimately recovers a t2/3 scaling and reveals its self-similar structure.