No, this isn't a very good movie. Fun to watch though if for no other reason than to laugh at the supposed 'hip' attitude of the whole thing when in truth it's about as conventional as a Love Boat episode. The party scene at the end with the hookers, swingers and disco version of 'Singin' in the Rain' is hilarious.
But the reason to see this movie is for Natalie Wood, who gives this film heart. She's absolutely wonderful in it. She was a terrific actress, even in something as frivolous as this ... funny, beautiful, a class act to the very end! None of today's actresses come close to her kind of star-power. I miss great actresses like Natalie Wood.