Kerry Hayes/Miramax Films

Mike Meyers plays Steve Rubell, one of the owners of Studio 54, in the film "54." He has all the money, drugs and friends he could want.Christopher's film is an informal history of Studio 54, the disco culture's ultimate pleasure dome and celebrity hangout, a kind of floating Andy Warhol party whose glory days ended abruptly when the place was raided by the Internal Revenue Service.

Unable to decide if it's a retrospective expose, a "Saturday Night Live" spoof or a "Saturday Night Fever" retread, "54" ends up a confused mishmash of all of the above. You see garbage bags filled with cash, a lot of avid cocaine snorting and fleeting glimpses of Warhol and Truman Capote, but it all feels ho-hum.