When MGM produced this lavish musical in 1940-41, most of the world was at war and the U.S. was on the verge of joining it. Austerity was already being called for in the U.S.A., and Hollywood was doing its part. The studios at that time were closely allied with the federal government which saw movies as a tool for democracy rather than the way Hollywood is treated by government today.
That austerity measure is the primary reason this great musical feast was produced in the less-expensive, always-acceptable (and, at the time, "the norm") black-and-white rather than as a fantastic Technicolor feast. Musicals did not YET rule the lot of Metro-Goldwyn-Mayer although they would, soon enough, keep that studio in the black.
Nevertheless, this movie is one of the most beautiful black-and-white musicals ever produced. As Leonard Maltin has said in his TV book of movie reviews, the MGM glitter has never shined more brightly.
Among the most notable things about this film is that it was a turning point in the career of Judy Garland. Here, for the first time, Judy goes from being a young girl living at home with her father to becoming an independent young woman who becomes a star of the Ziegfeld follies. From child to grownup in one movie. And that turning point hinged on the improbably set-up presentation of her singing audition in which her pop had her ham up "I'm Always Chasing Rainbows" and, in a second chance, using her own gut instincts to sing the song better than anyone had sung it before...and better than anyone has sung it since.
Lana Turner was not yet a major MGM star, but she became one with this film in which she was given the full glamour treatment. She has a very meaty part as a beauty who gets her shot in the Ziegfeld follies. She has Jimmy Stewart (who was a star in his own right) as a ne'er-do-well boyfriend who she drops when rich men start paying attention to her. Along the way on her path to fame and infamy, she encounters an impossibly young, incredibly handsome Dan Dailey, who portrays a fighter. In the film, he wins a boxing title in a match that Lana sees with one of her rich boyfriends. When Dailey encounters Turner in a night spot, he comes on to her. Sizing her up and letting her know who he is, he tells her, "Ya seen me when I done it." Once she realizes what he means, she agrees she was there, and then gives him the brush-off. Later in the film, when they're both on the skids, he runs into her in a dive. He offers to buy her a drink and reminds her of who he is. He then treats her badly. It's a terrific scene between them, and it's a terrible character for the young Dailey to have played, but it was a standout.
Happily, though, Turner got one of the best scenes any actress has had in a career. And it is, allegedly, a scene that MGM's resident musical genius (the true talent in the Freed Unit) Roger Edens wrote specifically for her while the film was shooting because it was felt her character needed a little something more dramatic. In this scene, the mortally ill Lana goes to the Ziegfeld Theater to see a revue of previous Ziegfeld triumphs. Growing visibly sicker as she watches the show, she gets up to leave. As she reaches the top of the balcony staircase, the theater orchestra starts playing "You Stepped Out of A Dream", which was the big number in her first Ziegfeld hit. Per Edens' instruction, Turner threw back her shoulders, lifted her chin, and began descending the stairs as a Ziegfeld girl would do it on stage. After a few steps, she collapses. It's one HELL of a scene and Turner delivers it in spades.
This film IS a great musical wallow. Tony Martin was a perfect leading man in this film. "You Stepped Out of a Dream" is one of the great "show girl" anthems of all time. His voice was terrific and he wooed the impossibly beautiful Hedy Lamarr onstage and off. Lamarr brought that beauty to her role, if little else, although she portrayed a noble character with honorable intentions.
There are many movies in which the sum of the parts do not necessarily equal a masterful whole, but this is one of those movies in which the sum of the parts DO EQUAL great entertainment that rewards time and again. The music is tuneful/memorable, the sets and costumes are lavish and the Busby Berkeley numbers are imaginative and eye-filling.
If you love musicals, this is for you!