An essential cult classic maybe, but don't go in expecting anything more than any other teen highschool movie. It isn't a great film but its fun and It did make me long for a time that I never experienced, and I loved being transported back to that era. I guess theres a reason its a classic.
Love. I'm embarrassed to admit that it took a double bill with Boyhood and a Linklater Q&A for me to finally watch this, but boy was it great. The characters are all so fully-realized, you really do feel like you're eavesdropping. It's also real fun to see these big actors (Affleck, McConnaughey, Jovovich) so young. Parker Posey and Wiley Wiggins steal the show.