I'm a bit perplexed regarding what to say about this movie. First off, I think I enjoyed it more when I saw it years ago than I did now. But I think that was mainly because of the choice of songs. Cole Porter wrote all sorts of songs, but the movie goes for the particularly witty and urbane choices, including a number I hadn't heard before.
The style of the movie has giddy improvisational style, as actors often seem to be chatting amongst themselves or making quiet asides. This is true not just in conversation, but in song as well, and it's clear the intention is to make the songs work as a continuation of the story and the characterization. It's an interesting approach that I found somewhat likable in conversation but not so much in songs, because it often completely trashes the melodies.
Unfortunately, Bogdonavich was apparently of the opinion that a musical requires very little musical talent. Reynolds is a decidedly poor singer. Shepards can at least carry a tune, but it's hard to imagine anyone casting her as the lead in a musical who wasn't dating her.
The supporting players do better. None of them are great singers either, but Eileen Brennan, John Hillerman, Madelein Kahn and that guy no one's ever heard of all understand how to sell a song. They would make great second bananas behind actors who were strong singers (or dancers, as was the case with Astaire or Kelly musicals), but instead they overshadow the leads, which is a little sad.
The story is simple, essentially a matter of flirting and coupling among the four. Then ending is unsatisfactory.
I've heard there are numerous edits of this movie floating around, and that some work better than others. I saw the version released on VHS, which is apparently neither the best nor the worst version out there. (I've heard the best version is on Netflix and DVD.)
This isn't as terrible as some people claim, and it has some nice touches throughout, but it comes across as a bit of a vanity project in which a director with no experience in musicals nor much sense of what makes them work decided to put his girlfriend in one.
