Trivia

The movie was made exclusively for 'The Playboy Channel' but garnered a straight to home video tape release as well around the world.

Chuck Vincent Productions, who were the production company behind 'Preppies' (1984), filed a complaint with the MPAA (Motion Picture Association of America), against the Cannon Group and MGM/UA Entertainment regarding the film ;Making the Grade'(1984). This was about the movie's original working titles of ''The Last American Preppy'' (aka by its alternative spelling of '' The Last American Preppie'') and ''The Unofficial Preppy Movie'' (aka by its alternative spelling of ''The Unofficial Preppie Movie''). This involved the use of the word(s) ''preppy'' and/or ''preppie'' in the picture's title. The 14th May 1984 edition of show-business trade paper 'Variety' reported that the MPAA had made a ruling that the ''Preppies'' title had been registered over a year prior to these working titles and determined "that there is a harmful similarity and conflict between the titles by virtue of, among other reasons, the use of the word "preppie" ("preppy") in both titles and the overlapping time periods in which each motion picture is planned for release...". However, there was disagreement about this ruling, as it can also be argued that no one owns exclusively the rights to a similar term ''yuppie'' - a word which was quite prevalent in Western popular culture during the 1980s, as was ''preppy'' and ''preppies'', and as such, could be free to use by anyone as it was part of the popular lexicon.

The movie's closing credits give "special thanks to Steve Kalafer of Ditshman Flemington Ford Lincoln Mercury; BMW 3201 courtesy of Park Ave. BMW, Maywood, New Jersey; Silver Jewelry by Donna Dale; Rubber Jewelry by Sherry Mills; People of the City of Nyack".

The nick-name of Robert Thompson III (Dennis Drake) was ''Chip''.

Cast member Jerry Butler, who played Dick Foster, and who was billed under the name of Paul Sutton, was an adult film star.