Still funny upon seeing it the second time - 20 years after its first-run viewing. Every character is likable - Nolte, Dreyfuss and Midler in the starring roles, and every one of the primary co-star and the supporting cast.
Nolte is an outstanding actor, and this role and his harder-edged character in the great "North Dallas Forty," are among his very best. Many actors exhibit far different personalities off-screen than "on" ( e.g. Nicholson), or are downright goofy in real life (Cruise, Jolle, Affleck/Lopez, etc.). But I've never seen any whom I wish might be more like his on-screen persona than Nolte. The guy has charisma, believability, and is completely likable in every role.
Here, he staggers, pretty much literally, homeless, into the mansion of a Beverly Hills wealthy family as dysfunctional (although pleasantly so) as any on the planet.
Of course, his presence and "counsel" take care of all their neuroses - bringing a relaxed enjoyment of life to Dreyfuss, a reawakening of sexual delight in Midler, enjoyment (and relief from anorexia/bulimia) to the winsome daughter, direction to the frustrated adolescent son, happiness to the sexy Latino maid, and effecting a change in the family pooch to where he can now enjoy the pleasant life of a contented, happy pet.
The diversions and hi-jinks in the story are also pleasant - often these necessary components of a film can detract - and the equally necessary closing events lead to a pleasant rapprochement and a happy ending.
An excellent, "feel good" viewing experience.