I'd heard this was the worst scifi movie ever, read about it, seen bits of it on TV, but never actually watched it. I put it on my queue from Netflix and it finally came to the top. It really should have stayed at the bottom.
Netflix calls this a comedy, but there really isn't anything funny in it. It's the time of frantic excess before WWI, with gays being semi-out (and when caught, trying to escape to the continent), parties of near nudity, promiscuity, and drugs. The moneyed folk partied, partied, partied, and then the consequences set in. An excellent movie.