American Fable is ambitious, maybe too much so sometimes, but there's an intense pleasure in the boldness of the film's style.
It's impossible not to feel affection for "At Long Last Love," Peter Bogdanovich's much-maligned evocation of the classical 1930s musical. It's a light, silly, impeccably stylish entertainment, and if the performers don't come up to the comparisons they evoke with the genius of Astaire and Rogers, that's not entirely their fault; the studio tradition that developed and nurtured the great musical stars no longer exists, and a movie like this has to be made from scratch.
Well, not altogether from scratch: The music and lyrics are all by Cole Porter, a special enthusiasm of Bogdanovich and his star, Cybill Shepherd, who recorded an album of Porter last year. There are 16 Porter classics, and in an age when original songs composed for the movies tend to seek the level of "Love Theme from the Towering Inferno," maybe it's a good idea to go back to the golden age of popular American composition and cherish once again "It's De-Lovely," "Well, Did You Evah?," "Just One of Those Things" and the title song (which, legend has it, Porter acually began writing while waiting for the doctors to arrive at the scene of the accident that crippled him for life).
Bogdanovich has found a story and setting that sound the right tone in company with the songs. His screenplay involves a sophisticated (and yet sometimes childishly innocent) dalliance among four members of the idle rich or would-be rich (everyone's idle). There's Burt Reynolds as a playboy millionaire, Miss Shepherd as a beautiful heiress, Madeline Kahn as a Broadway star and Dullio Del Prete as a seductive Italian gambler. They sip champagne almost without respite, dance the night away, run through a series of wrecked limousines and touring cars, trade partners and try never, ever, to be bored: It's like 'Private Live' rewritten by Thorne Smith.
The story, of course, is totally inconsequential, as it should be, and Bogdanovich is good at keeping it floating some few inches above the ground; he's not giving us a tribute to the great musicals like "Swing Time" and "Top Hat," he's trying to make another one. He doesn't succeed, primarily because his performers aren't really suited to musical comedy, but he doesn't fail to the extent some of the reviews would have you believe.