This was around the time that the term "yuppie" was coined (young urban professional) and this smarmy, self-important little group personified exactly what yuppies were.
Spending the weekend in a huge mansion together, driving around in Porsches, and fretting about the "changes" in their lives, it was at times insufferable. Even the movie soundtrack sounded like a curated playlist of the most overwrought and overplayed 1960s era tunes.
However, the movie did help define a turning point of our culture back then. By the mid 1980s, the young generation of the 1960s had fully transformed from the anti-establishment hippies we once thought they were to the more materialistic and wealth-accumulating generation we saw during the "go-go 80s".
It was also a time when the Democrat party began abandoning their base of lunchpail blue-collar working men and started becoming the party of the educated "professional" class, who look down on everybody else. Yuppies.
Decades later, the transition is complete. The "liberals" of the 1960s are now the establishment. With total control of academia, entertainment, and the media, they will happily put their jackboots on the necks of those who question authority or dare espouse any kind of traditional values.
This epic line from an iconic 1980s hit was a lamentation of sorts about exactly that transition:
Out on the road today I saw a Deadhead sticker on a Cadillac. — “The Boys Of Summer” by Don Henley