The film follows Alice Kinnon (Sevigny) and Charlotte Pingress (Beckinsale), two young women in the early 1980s who are Hampshire College graduates and work in a New York publishing house as poorly paid readers, who after work are able to enter an exclusive disco nightclub.
The Last Tropes of Disco:
- All Issues Are Political Issues: At one point, Charlotte talks about how much fun she had seeing Lady and the Tramp with her little niece and nephew. Josh replies by deconstructing the movie as promoting an unrealistic and self-destructive view towards relationships with the opposite sex, "imprinting on their little psyches the idea that smooth-talking delinquents recently escaped from the local pound are a good match for nice girls from sheltered homes."
- Big Applesauce: The movie takes place in New York City.
- The Cameo: Characters from director Stillman's previous films Metropolitan and Barcelona make appearances.
- Coolest Club Ever: The disco nightclub, based on Studio 54, is "impossible to get into."
- Creative Closing Credits/Dance Party Ending: The ending credit sequence shows people on the subway and even people on platforms dancing to "Love Train".
- Dueling Movies: This movie was released just four months before 54.
- End of an Era: This film, like Boogie Nights, shows characters who had a good time at the end of The '70s reacting to changes brought on by The '80s.
- The Last Title: The title.
- Monster Roommate: Charlotte and Alice drive each other mad.
- Production Throwback: Characters from director Stillman's previous films Metropolitan and Barcelona make appearances.
- Visible Boom Mic: When Charlotte and Alice are walking down a corridor.
- Year X: Set in "the very early 1980s."