Decent comedy with some fun characters (Chevy Chase and Bill Murray, especially) and several good lines. But ultimately, this is a bit of an overrated comedy.
(watched in 2016... but loved Caddyshack in the early '80s)
Unfortunately, those two have the least amount of screentime in the film: a majority of the movie is focused on Dangerfield and Knight, and the characters involved in their subplot. Frankly speaking, their portion of the film is dull, and rarely packs the same kind of comedic punch as Animal House (another Ramis screenwriting outing), and the same kind of comedic punch that we know these actors are capable of. It seems to try to aim for brief stints of character development as well, but it lacks the sweet charm of the main relationship in Meatballs. It does have the same kind of deliberate aimlessness of Meatballs and Animal House, which at least allows for light and mostly entertaining viewing. This one just missed out on that birdie, and will have to settle for a par.