The colorized version of this timeless holoday classic is a complete desecration of the original black and white presentation. The garish washed out colors (done in 1988 by Colorization Inc.), destroys the shadow and picture contrasts and kills the entire mood and tone of the film.
Go with the original black and white version. You will enjoy the pathos of George Bailey (Jimmy Stewart), who attempts to commit suicide after a financial breakdown but is stopped by his guardian angel who shows him the importance of his life...This is a true holiday classic that is strictly meant to be seen in B&W!!!!!!!