I felt this film didn't reach the potential of its concept or its superb cast, although it was enjoyable. The sets and costumes are good, almost carrying the film through an aura of 1950s innocence and hypocrisy. And there were some hilarious scenes (my favourite is the wooden cut-out of the soldier pointing his *ahem* gun at another kneeling in submission).
But most of the humour is based on the same stereotypes that I expected the film to subvert. For most of the movie, there was no attempt to portray the campy gay boys in a thoughtful way. Actually, there was little character development altogether, but most infuriating was this seeming self-contradiction -- the film succumbed to the misconceptions of the homophobic institutions it was also attacking, but without any obvious awareness of this paradox. As a result, I'll admit I didn't find the film very funny or clever.
The best thing about this movie, for me, was the soundtrack. It kicks off with a wonderful kitschy, girly, faux-retro-pop song by April March called "Chick Habit", which is infectious and delicious as sin. There are some gorgeous Go Sailor songs like "Ray of Sunshine" which highlight the cute, first-love factor. And during the love scene (which is one of the best I've seen), "Glass Vase Cello Case" by Tattle Tale provides the most beautiful music for the sweet and pretty cinematography.
I don't think there's a soundtrack available, so maybe this film is worth listening to, at least. Although, just to be shallow, the cast is very aesthetically pleasing so you may as well watch it too.