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After reading O'Hehir's description of the plot, the first movie that came to mind for me was "Buckaroo Banzai." I smell a cult movie... With Wallace Shawn in a key role, wearing makeup no less, I'm there. (Wallace Shawn is brilliant in everything he does.)
I re-watched "Donnie Darko" recently, and realized its total mish-mash of elements is why I love it. The science-fiction, time-travel story is sort of incidental to what really matters, the creepy tone and phantasmagoria of characters and quotable lines like "Sometimes I question your commitment to Sparkle Motion!" And oh yeah, that awesome rabbit face.
When they released the Director's Cut of "Donnie Darko," I dutifully headed to the movie theater to check it out. I was very disappointed -- it contained too much information, a bland conversation between Donnie and his shrink about the existence of God, and other bloated details that dulled the movie's intrigue. Whoever edited down the studio release sculpted "Donnie Darko" into a twisted glass of absinthe worth chugging again and again.