Theatrical Cut: This movie is MAGIC. The writing, the chemistry, the filmmaking. Some of the scenes with the drag queens feels a little token, but better to have them then not. Dave Chappelle is still a bit distracting as a cameo. But these are quibbles. This wasn't the objective best/important of the nominees that year, but I think it'll go down as the film that everyone thinks won Best Picture that year - it's just too wonderful to think otherwise.
Theatrical Cut, brief impressions:
Style can save any script, but can't save it all the way. This a fun, but routine Psycho riff that feels like a missing link between the Hitchcock film and Shyamalan's Split which can't compete with De Palma's filmmaking, but manages the impressive hat trick of being both goofier and more resonant.
De Palma's staging is always a cut above his contemporaries, the shifting protagonists helps keep it moving and there's a particularly good ending sequence…