Watched this again last night (for about the 20th time). Honestly, I never get tired of it.
It is by no means a deep or meaningful film, but it is such good fun, and I just sit there laughing every time, even though I know what is coming and could probably quote the whole thing before they say it.
Mira Sorvino and Lisa Kudrow are perfect as Romy & Michele - two best friends since high school facing the grim realisation that their lives aren't "actually that impressive", and trying very hard to impress their old high school enemies, getting into many situations and scrapes along the way. The end moral of this is be yourself, and really, these characters are so great, you wonder why they would want to be anyone else to start with.
The supporting cast is also excellent. I love Jacob Vargas as Ramon, and Julia Campbell's bitchy Christie (didn't we all know a girl or two like her back in high school?!). Also Janeane Garofalo, Alan Cumming and Elain Hendrix - really I can't fault any of them.
I really don't care how many people say this is a bad movie, as far as I am concerned, it is a classic!