Yikes! I watched this because I was bored and I like Phoebe Cates- now I'm still bored and I have a new memory of her being in a weird movie about teens at this private school trying to get it on- I'm assuming they were supposed to be teens, they were all like 30 but playing teenagers- it's just an obnoxious film with gratuitous nudity and the pawing of and leering at women- very unsexy and sexist- not that it wasn't drowning in 80's style clothes, music and plot lines - the guys sneak into the girl's dorm dressed as women ala Bosom Buddies, some of them accidentally drive a Rolls into a pool, and there are other odd pranks run amok- the only plot I guess is Phoebe and Matthew Modine are trying to figure out how to have "relations" for the first time- warning ⚠️ lots of naked ladies and the intro song has the f word in it a few times- btw- this isn't a good movie at all- very bad editing and dialogue- just a hot mess - but I'm guessing there are thousands of guys who grew up with this and just love it regardless- here's a link
https://www.rottentomatoes.com/m/private_school_1983/