(Full disclosure: I am acquainted with director Ben C Lucas)
I saw Wasted on the Young at its world premiere at the Sydney Film Festival,and it got a strong reaction from the audience. I'm not sure I can say we enjoyed it, because it is a disturbing film in many ways, but it was certainly a highly impressive debut from a rookie team.
A plot synopsis will make it sound like a generic high school movie; cool kids bullying uncool kids, drug-fuelled parties and so on. Halfway through, though, an event occurs which takes us into altogether darker territory and what the director terms "a moral fable".
Technically, the film has many virtues. The bleached-out cinematography, the strikingly shot swimming pool sequences and the nightmarish music/sound design during the party scenes all serve the story well, and are far more ambitious than most Australian movies.
Wasted on the Young shows high school as a horrifying and hermetically sealed environment (I don't think we see any parents or teachers at all), and a cast headed by the impressive Oliver Ackland really convey the tension and conflict of the story.