YMMV: It's a Wonderful Life

  • Adaptation Displacement and Adaptation Expansion: Of a short story called "The Greatest Gift" by Philip Van Doren Stern.
  • Alternative Character Interpretation:
    • George brings his problems on himself by running an overleveraged, illiquid bank and letting his alcoholic uncle handle business.
      • It's not a bank, it's a building and loan. People make deposits and the money is then leant back out in the form of mortgages to the locals. They were generally considered to be one of the safest investments you could make until deregulation under Ronald Reagan.
      • George does turn down a chance at his dreams and later a better job for what amounts to little more than personal spite against Potter. Plus, basically everyone in the town is either with Potter or leaching off George.
    • Pottersville looks like a fun town... well, unless you're one of the poor working class whose livelihoods are destroyed.
      • Some of the characters aren't that nice, such as the husband of one of the Bailey's son's teachers.
      • It seems the apparent quaint, innocent nature of the small town is a façade, given that there’s only a single man keeping it from becoming a pit of vice and debauchery. Strips clubs and bars can’t be successful without people willing to patronize them and apparently the people of Bedford Falls were more than happy to.
    • Capra himself said he made the film in large part to "combat a modern trend towards atheism". Little wonder that its protagonist is a Christ figure in all but name.
    • The Agony Booth interpreted Mary as being the true villain of the film, because it's implied her broken-window-wish to marry George is what caused him suffer tragedy after tragedy that kept him from leaving Bedford Falls. (It's doubtful she knew it would happen that way, though.)
  • Big Lipped Alligator Moment: Mary losing her bathrobe and having to hide naked inside a bush. George even lampshades it. "This is a very interesting situation!"
  • Glurge: It tugs on the heartstrings so hard, a reviewer coined the term "Capra Corn" to refer to it. Afterwards, Frank Capra himself started using the phrase to describe his well-known sentimental film style. Some background on it all here.
    • The Glurge aspects were lampshaded in the first Batman: The Animated Series Christmas special, "Christmas with the Joker"—it was the reason why Bruce was initially unwilling to let Dick show him the movie. Dick points out that it's about how one man can make a difference, alluding to Batman's role in Gotham City.
    • The sugary aspects of it are also fairly heavily cut down by the actual movie, which is substantially different from its reputation as a slice of cheese. The sex jokes and snarkiness can surprise first-time viewers expecting nothing but the ending. And if they weren't expecting the ending, then the last quarter of the film can feel like a sudden shift to the Twilight Zone.
  • Harsher in Hindsight: The banks today are basically run by Potters, and the way they were run caused much of the late 2000s recession.
    • It runs the other way, too. Potter is indignant that Ernie get a loan simply because George sticks up for his character (even though he mentions going over his financials in general as well; Potter is just that big of a Jerkass to ignore that). While mainly just being a jerk, part of his point is doubtfulness that Ernie will ever be able to pay it back. During the 2000s, some banks gave out loans to people they knew couldn't pay them back, which has been cited as a major cause of said recession. Some of these were very Potter-esque dealings designed to screw lower class people over, but others were cases of the banks being screwed over - being cajoled into making poor decisions under the pretense of it being the right thing to do.
      • The difference is, George's Building and Loan was never really intended to make a profit. The 2008 mortgage crisis was caused by banks offering mortgages that they knew were worthless, and then betting on their customers to default, thereby making a tidy profit on the failure.
    • And often they were forced into those poor decisions by the government with no alternative, not just pressured into them by misguided morals.
  • Inferred Holocaust / Strawman Has a Point:
    • Pottersville has more excitement and a superior economic infrastructure, but under the glamor many people live on the streets (and many of the ladies are hookers instead of homemakers). Bedford Falls only has a moderate manufacturing economy and no obvious places to find excitement, though the honesty and unity between the B&L and small business owners allows them to overcome most financial problems. Once the factory closes down, Bedford Falls will suffer depression and unemployment. In the end, a place like Bedford Falls has a better chance of bouncing back from a bad economy because of the mutual cooperation between the banks and small businesses.
    • If you pay attention, that's actually exactly what happens: George suggests to a plastics magnate that he convert a closed tool-and-die factory and employ the locals. It's a minor throwaway line in the middle of a scene with much more important things going on, emotionally speaking, but it's there.
    • George makes it clear that he wants to leave Bedford Falls, go to college, and travel the world. All of his dreams are destroyed and he must commit suicide to regain hope and perspective. Potter was partially correct that George’s life has not resulted in personal happiness.
      • Pottersville being a gigantic Egopolis for Mister Potter is economically depressed to any obvious viewer. The fact that alcohol and hookers are freely available doesn't mean the town is Las Vegas, it just means its people are trying to find some relief. Plenty of towns have died after going through something similar. Likewise, George is possessed of a beautiful family and numerous friends. George is mostly just wondering if he could have done more if he'd had different circumstances, a situation many people suffer from.
      • In the final scene, he gets back his money with lots and lots to spare. He can afford to pursue his dreams at last.
  • Iron Woobie: George Bailey.
    • Especially in the dream sequence, he proved there is light at the end of a very dark tunnel.
  • It Was His Sled: George Bailey gets sent to an Alternate Future where he was never born.
  • Jerkass Woobie: As a result of losing his son, Mr. Gower is a grumpy old man who is driven to drink and would have fatally poisoned a child if not for George's intervention; seeing his reaction to learning what he did and his fate in the alternate future is heartbreaking. Thankfully he gets better in the main timeline, his brief appearance showing that he has come back from despair, shaped back up and become a very good friend to George.
    • George himself veers into this from time to time. He can become abrasive, but as this usually comes after he has to abandon or put his dreams on hold, you still feel bad for him. He always comes back from it however, see Iron Woobie above.
  • Misaimed Fandom: In recent years, Mr. Potter has started to get a number of fans who see him as a representation of a good capitalist businessman. This requires ignoring his criminal action later in the film, his cruelty mixed with his business tactics, and his cold disregard for anyone else at all.
  • Moral Event Horizon: Mr. Potter is a hateful and greedy man throughout the whole movie, but what he does to George near the end is where he crossed the line and became immortalized as one of the most memorable and hateful villains in cinema.
    Mr. Potter Why, George ... you're worth more dead than alive.
  • Narm: Clarence's "She became an old maid" due to Values Dissonance can become this. Especially given the rest of Pottersville. Given it comes after the increasingly intense revelations about his uncle, his brother, etc. it can feel like Arson, Murder, and Jaywalking
  • Narm Charm: George's unadultarated joy and relief when he realizes he's alive again. The endless shrieks of "Merry Christmas!!!" to every person and every building he meets should be Ham and Cheese at best, and Narm at worst. But in this movie, it's a cue for the Manly Tears.
  • Some Anvils Need to Be Dropped: George’s speech against Mr. Potter’s ruthless policies and in defence of Ernie and Potter’s other employees.
  • Values Dissonance: In Pottersville, Mary is a single woman who works at the library. It is evidently supposed to be a horrible fate that she couldn't become George's wife and instead is an old maid. George's more personal horror that the love of his life never knew him and his children were never born, though, is still timeless.
    • In the movie's defense, we can infer that, like the rest of Pottersville, Mary leads a dreary and unhappy life, when before she may not have had much, she had what she really wanted out of life. And what she wanted was to be a wife and mother, which is not wrong in itself.
    • Of course, growing up to be a librarian somehow led her to become plainer and frumpier. Right.
      • Also nearsighted.
    • Major Values Dissonance with Mr. Gower and young George. First, would George at that age be legally old enough to hold a paying job nowadays? Second, when Mr. Gower slaps George, drawing blood from his bad ear.... in modern times, that would be a lawsuit, and probably a jail sentence.
      • True. At that time, after-school and weekend jobs were quite normal for kids George's age and even younger. Many families depended on this income to supplement whatever the parents made. It's still legal for children under 14 to work for pay in a family business, and there are other exceptions.
    • Harry sexually harasses the help. (Watch him slap Annie on the butt as she goes into the kitchen.)