It is on so many people's favorites list, that I was feeling guilty for not having watched it yet. I just watched it, but I am not able to appreciate it as much as many others do. Acting wise Pesci, Deniro and almost everyone else did a great job, but what is the plot/story? It seemed very shallow on plot. It looked like the first hour was a loooong exposition introducing us to the gangster life and various characters and basically it continues like that till the end, with Henry narrating incidents one after another. If at all there was any character growth it was that of Henry. All others were just laughing, whacking people and partying. Maybe I need to watch it again to appreciate more, but my initial reaction is that it is a little over-rated movie.