1993 movie written and directed by Richard Linklater. Depicts the last day of school in 1976 and the lives of a mixed group of high school students as they party (read: intake copious amounts of weed and alcohol), haze and get hazed, etc.
Good laid back film that makes you wish you lived in the 70's ... almost.
cast:
Randall "Pink" Floyd - Jason London Simone - Joey Lauren Adams Michelle - Milla Jovovich Slater - Rory Cochrane Wooderson - Matthew McConaughey O'Bannion - Ben Affleck Mitch Kramer - Wiley Wiggins et. al.
tagline and cast procured from imdb.com