The Last Picture Show
Peter Bogdanovich is an interesting case in self sabotage. He made 3 very big movies at the beginning of the 70s with high commercial and audience success, and then spent the rest of his life trying to recapture that greatness. Still, he had a preternatural knowledge of film that in my opinion only was beaten by Martin Scorsese. He truly understood movies and entertainment. Which is why I find it so interesting that The Last Picture Show is such a down movie.

The movie is black and white and set in the sleepy town of Anarene, TX. The few people who live in the town seem to either be children or elders. The film centers around several people, but Sonny (Timothy Bottoms) would most likely be considered the main character. Sonny doesn't seem to want much from the world, but to be able to eat burgers, lose his virginity and make a little money. His best friend, Duane, played by Jeff Bridges mostly wants sex from his long time girlfriend, Jacy, in a great performance by Cybill Sheppard.
It's important to note that the production of this movie was where Bogdanovich met Sheppard whom he would later leave his wife to be with. Retroactively, this is viewed as the beginning of his downfall because Polly Platt served as someone who could focus and distill his creative output working as a sounding board and his editor. Once they split she did not work with him again.
I could recount the plot of this movie but I'm not sure it really matters. We see the seniors of Anarene High go through their last year of high school and deal a little with life afterwards. There is a frank depiction of sexuality that was most likely shocking when it came out and still gives a bit of whiplash. Honestly, the most remarkable thing about this movie is that everything feels so naturalistic. I think Bridges and Sheppard were a bit older than their characters, but Bottoms looks all of 17 in most of this movie.
I'd be remiss to neglect mentioning that Cloris Leachman and Ellen Burstyn are incredible in their roles.
Anarene seems like such a brutal quiet small town. The men go from youth into working in the oil fields and women fall into domesticity. Everything seems like a slow motion death.
Position
See it, but maybe with a stiff drink.