1/2 - I watched it as a teenager in the 80s and the archetypes felt real - we all knew a princess, or a nerd, or a jock, or weirdo or a loser, and the idea that even these mutually antagonistic archetypes could ally against a common enemy (i.e., the adults in their lives) was powerful stuff.
One thing that’s aged well in that movie? Paul Gleason and John Kapelos. Gleason in particular is just right as a guy who you age into knowing his level of frustration.
As a film major I became an adult when I watched Waynes World and sympathized w Kurt Fuller and Rob Lowe. They were trying to make a good show! Trying to help Cassandra's career! Everyone was making a living doing what they loved!