This looks like a John Hughes film because it's a coming of age story and it casts the same 'Brat Pack' actors, including several from The Breakfast Club released earlier in 1985. And it could be about those kids a few years into the future. Except this is made by Joel Schumacher, a writer-director of modest pedigree.
While he is obviously inspired by Annie Hall (1977), this is melodrama, or a soap. The dialogue is clunky, the situations are commonplace, and the characterisations are superficial. This is pure nostalgia, an 80s time capsule which was a box office smash because of the young stars and the durable concept.
It reflects on the yuppie lifestyle of a clique of graduate best friends who go through a period of adjustment; because what gets you through school won't get you through life. It's about starting work and selling out... love and infidelity... drugs, booze and the hangover; the encroachment of responsibility.
It wonders when you will wakeup and be like your parents. Pre-surgery Demi Moore is top billed, but hardly recognisable in the bad girl role. In '85, Rob Lowe was the hot star, but my pick is Andrew McCarthy as a heartbroken journalist. Sadly, the soundtrack is a dud, though John Parr had a US no.1 with the title track.