"Party Monster" has a unique history behind that production. The film is an interesting account of Michael Alig's life seen from his friend, but the most intriguing part of the film is that it features Macaulay Culkin after 9 years absence from the screen.
The film's directors Fenton Bailey and Randy Barbato once made a documentary film "Party Monster: The Shockmentary" in 1999, which is based on the murder of Angel Merendez, also one of the aquaintances of Alig. Now, the same team give a fictional account of the same case, helped by the book "Disco Bloodbath" by James St. James, who was, besides Alig, one of the faces seen in the "club kids" vogue in New York City in the 1990s. This newer "Party Monster" features talented Seth Green (in drag) as James, who recounts the days of the party, drug, and the eventual downfall of Michael Alig. And you know, Alig is played by Culkin.
OK, but don't try to find out the "truths" of the murder. The film is more about the relations between James and Alig, or how Alig met James, and is taken under his wings to gain the short-lived celebrity status. The film, using flashbacks, follows the crazy days of party, drug, and eventual downfall of the man.
What is most attractive is the acting of Seth Green. His face might be associated with "Austin Powers," but actually he is a good actor, or far better than you miight think. See how he plays the role of flamboyant James with a slight touch of humor and irony. Remember, his debut was back in 1982 in "Hotel New Hampshire," and he's been doing this job more than 20 years.
As to Macaulay Culkin, it is true that he is less effective, but still good. Perhaps we have seen one too many "Home Alone" film. The supports include Chole Sevigny, Natasha Lyonne, Dylan McDermott, and Marilyn Manson. But their roles are not big, and I am afraid Ms. Lyonne is unrecognizable to some.
The story is not the strength of the film. You cannot find the answer to the question -- question, I mean, about how come the vogue, though briefly, took over the media to become the talk of the people. After all, it is about the bubble-like movement, and the film is not trying to rationalize that fact.
Still, the film is interesting to see if, like me, you didn't experience the trend as first-hand knowledge, especially the 'anything goes' style these characters show in their desperate attempt to reach fame, and be fun. We know it will end in emptiness, or the film, not to be judgemental, presents all about the emptiness of their behavior as it is.