The decade that gave us Dead Poets Society AND Chevy Chase AND Bruce Willis. Plus there's Rocky, Rambo, Police Academy, Star Wars...first five Star Trek movies...Indiana Jones...Back to the Future.
My only objection is that the pop culture was a bit childish back then compared to the realism and HD of today. Everyone had a costume, everything was cool, they were all comic book characters on big screen, not real people.
I actually just saw ET for the first time a couple of weeks ago. Didn't think much of it but would probably love it as an 8 year old kid.
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