Clay (Andrew McCarthy) is back in Los Angeles for Christmas following his first semester at college and finds that his ex-girlfriend Blair (Jami Gertz) is now using cocaine and his best friend Julian (Robert Downey Jr.) whom he found sleeping with Blair over Thanksgiving is a serious cokehead indebted to the tune of $50,000 to the nasty Rip (James Spader – frighteningly reasonable) who runs a rent boy ring and gets his creditors to service his clients. This portrait of life in the higher-earning echelons of LA is chilling. Bret Easton Ellis’ iconic novel is a talisman of the mid-late Eighties coming of age set and the icy precision of his affectless prose is inimitable. Once read, never forgotten. Harley Peyton’s screenplay is a fair adaptation but the casting lets this down – with the exception of Downey who is simply sensational as the tragic Julian, gifted with a record company for graduation by his father (Nicholas Pryor) and then simply dumped when he screws up. This lovable loser’s mouth drools with the effects of his addiction when rehab doesn’t work and he spirals unhappily trying to bum money off his uncle to open a nightclub. Watch the scene when he talks to Clay’s little sister as though she’s a lover who’s pushing him away – knockout. The Beverly Hills scene with its horrible parents and their multiple marriages and awkward dinners with exes and stepchildren, making teenagers grow up too fast, is all too real. While McCarthy and Gertz just don’t really work – McCarthy’s supposed to be a vaguely distanced observer but he doesn’t convey much beyond a bemused smile, Gertz looks confused and both look too old – the shooting style is cool and superficial, like the lives it critiques. Directed by Marek Kanievska.