This film could have been titled “There Will Be Beef.”
"Life with Mikey" is a good-hearted retread of many other movies about friendship between a hapless adult and a wise child.
The movie stars Michael J. Fox as Mikey, a onetime child TV star who is now a has-been, reduced to opening fast-food restaurants and running a talent agency with his brother. The agency specializes in kids, including one foghorned little case study named Barry (David Krumholtz) who is known as the "cereal king" because of his many TV commercials, and who seems to be in preparation for a lifetime as Mr. Saturday Night.
One day Fox has his pocket picked by a cute little Hispanic street urchin named Angie (Christina Vidal). When he catches up with her, he's amazed to see her talking her way out of almost certain arrest with a heart-rending story of hard times and bad luck. He decides on the spot to sign the kid and make her into an actress, and the rest of the movie is devoted to her career, which proceeds uncertainly, and her private life, as Fox becomes her surrogate father.