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Clay, an eighteen-year-old freshman, comes back from his first term at Princeton to spend his Christmas vacation with his broken-up wealthy family in Los Angeles. His former girlfriend, Blair, is now involved with his ex-best-friend, Julian. She warns Clay that Julian needs help: he is using a lot of cocaine and has huge debts. What follows is a look at the youth culture of wealthy post adolescents in Beverly Hills with a strong anti-drug message. Apart from the setting and the names, the film has very little to do with Bret Easton Elliss book by the same title on which it was based.
Considering the bad way his relationships with his girlfriend Blair and his longtime best friend Julian ended following their high school graduation as water under the bridge, Clay, a freshman attending an eastern college, returns home to Beverly Hills for Christmas on Blairs request, he not having heard from either before this request. Returning to many of their old partying ways like no time had passed, Clay learns that Blair, who does modeling work as she contemplates what to do with her life, has become increasingly concerned about Julian, who squandered away all the money given to him by his father on what ended up being a failed music producing business, for which he, in his usual big talk, had high hopes as his own money train when Clay left in the summer. She also tells Clay that Julian has disappeared for long stretches without word before or after. As the holidays progress, Clay and Blair will find that Julian, to cope, has been doing more and more drugs - more so than when they were in high school - he deep in debt to his dealer, Rip, with no ability to pay as totally being cut off by his father, who wont even let him back in the house. With Julians self-destructive nature in combination with he being dropped out of family life and Rips pressure for the money, Clay tries to do whatever he can for Julian before it becomes too late in Julian going beyond the point of no return in turning to more and more desperate measures. While Julian is his immediate concern, Clay also becomes concerned for Blair, who he still loves, she who may end up the way of Julian as what she believes is solely her casual/social cocaine use is truly more than that.
Andrew McCarthy
Clay
Jami Gertz
Blair
Robert Downey Jr.
Julian
James Spader
Rip
Tony Bill
Bradford Easton
Nicholas Pryor
Benjamin Wells
Donna Mitchell
Elaine Easton
Michael Bowen
Hop
Sarah Buxton
Markie
Lisanne Falk
Patti
Michael Greene
Robert Wells
Neith Hunter
Alana
Afton Smith
Kim
Brian Wimmer
Trent
Kelly Wolf
Lile
David Colby
Kid #3
Anthony Kiedis
Musician #3
Flea
Musician #1
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