Is this the greatest "hang out" movie of all time?
I never tire of this movie. I watch it probably once or twice a year and have seen it well over twenty times, and I never get bored with it.
It's just one of those enjoyable movies where you get to 'hang out' with the characters; there's no purpose, plot, suspense, or anything that requires thinking. It's just an all around 'fun' movie despite the underlying gloominess and teen angst.
The nostalgia component can't be overstated either; I grew up in the 90s and even I find it nostalgic.