Studio 54, the New York nightclub that had its heyday in the late 70's and early 80's, now has a cult status. Even the mighty MGM Grand's nightclub in Las Vegas, for example, is named after the famous disco shack and is themed around it. So, if you're interested in late 70's disco anthems, how club culture developed or just an interesting 90-odd minutes of drama involving sex, drugs and music then this film will be for you.
The plot is about a fresh-faced teenager (Shane) who is picked out of the crowd trying to enter Studio 54. He rises through the ranks to bartender (a prestigious role - apparently) and the story follows his human-interest relationships (family, friends, lovers, work colleagues, bosses etc) against the backdrop of the club's rise and subsequent fall due to tax evasion.
This is not a brilliant film, but it does have an interesting cast (including a number of cameo roles) as well as a decent soundtrack - if disco music is your scene of course.
Overall, it's watchable, but it's a bit like watching Saturday Night Fever's little brother.