We carry out a theoretical investigation of the evolution of a wetting film formed by pressing a bubble against a solid substrate. Our model incorporates the effects of capillarity and Derjaguin-Landau-Verwey-Overbeek (DLVO) (van der Waals and electrostatic) components of the disjoining pressure. Rapid changes in the relative position of the bubble and the substrate are shown to result in surprisingly rich dynamics of wetting film deformations. Even for stable films, we find transient rippled deformations with several points of local maximum of wetting film thickness and discuss how their evolution depends on changes in the meniscus position relative to the substrate and the disjoining pressure parameters. A connection is made to the recently reported experimental observations of one such rippled deformation, the so-called wimple, characterized by a local minimum of the thickness in the center, surrounded by a ring of greater film thickness and bounded at the outer edge by the barrier rim. Guidelines are provided for experimental detection of more complex rippled deformations in stable wetting films. Development of instability is studied in a situation when the electrostatic component of disjoining pressure is destabilizing, with particular emphasis on the nonlinear evolution and rupture of the film. Potential applications of our findings to small-scale mixing and deposition of nanoparticles are discussed.