Wow, what an ugly film. Presumably, this cynical tale of Hollywood wannabes was green-lit following the success of "Chinatown." Not one likable character in the cast -- even the lead Tod (William Atherton), with his shallow love for Faye (Karen Black), is hard to embrace. Donald Sutherland gives a remarkable performance as repressed neurotic Homer Simpson (now why does that name sound familiar?), but should have entered the story much earlier. Burgess Meredith? Wonderful, but wasted in a minor part.
As if the other depravities weren't enough, there's even a repulsive cockfighting scene needlessly thrown into the mix. Meanwhile, the surreal climax is like an entirely different movie (shades of "The Wall"?) and goes way, way over the top.
Interesting to see the often villainous Atherton as an innocent, William Castle in a cameo as a fictional director and the pubescent Jackie Earle Haley as an insufferable child-star brat.