Movies from the Reagan/Bush era look dated, I think, because they were TRYING to make them look dated. (Seriously, just watch some parts of the Arnold Schwarzenegger flick THE RUNNING MAN [1987] and try to tell anyone with a straight face that the filmmakers sincerely believed what they were making to be a "vision of the future.") That era, you see, marked the ascension of the Baby Boomers to the upper ranks of studio production, and I think they wanted to make movies that looked nothing like anything ever seen before.
Just look at movies from the '70s in comparison. Quite a few of them - THE GODFATHER and APOCALYPSE NOW, to give just two examples - hold up pretty well today. (Of course, they were both period pieces, but that's no guarantee that they won't muck them up.) By comparison, so many '80s movies are embarrassing - even bizarre - to look at today because there was so much conscious effort to make them "cool" and "edgy." Whether it was the gimmicky credits sequences (hot pink and fluorescent white, anyone?), the superfluous special effects and bursts of violence, rock music blasting ALL the time, the shoehorned-in "comic relief" characters, the gratuitous slapstick humor, name-brands and cultural touchstones dropped up the yin-yang, or one of the characters (Ferris Bueller, for example) speaking with a permanent sneer, all those movies seem to be saying: "We're more hip and original and above it all than you could ever be." (In fact, one reviewer on this site has suggested that there always seemed to be something off-kilter (insane?) about the sensibilities of these movies - too cutting-edge for their own good, and headed for a fiery crash.
The genius of the BUFFY THE VAMPIRE SLAYER movie, I think, is that they deliberately played up the '80s aesthetic BUT put all that alongside the tropes and overall atmosphere of a traditional horror film, thus making it clear that the filmmakers were aware of how ridiculous they looked and were poking fun at themselves. Definitely more successfully done than, say, BEETLEJUICE, which tried basically the same approach and failed.
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