My Favorite Scene **Spoilers**
When they're recording room tone, and Nick dreams about his acceptence speech. Just the build up of it to when he almost utters "Go F--- Yourselves", and almost messes up the room tone.
I absolutely adore the scene. I found myself near tears during it, because everything he says is so perfect; the anger at all who doubted his ability, the fantasy of succeeding, and the risk of more self-sabotage....it was all absolutely perfect and so personal.
Being a film student and a lover of film, I've seen so many film masterpieces in my lifetime, but this little masterpiece stands as my top five favorites. As a film about making a film, I enjoy it more than 8 1/2 and Stardust Memories. It's brilliant.