As everyone as heard by now, this film slipped into the Public Domain in the early 1970s when it failed to be renewed for copyright. This was both a blessing and a curse. There are many other great films like this one which deserve to be shown more often on network TV. But they never will because of the royalties involved and the fact that they would never make that money back. But when a "forgotten" film is shown regularly on TV it can trigger a positive audience response and get a fan base for the film that it would not have otherwise had, as was the case here. But what about when there are no royalties to be paid? The film can be run over and over, into the ground, until it loses all freshness. With this particular film there seems to be people who need to watch it religiously each year, and others who get frankly tired of it. My opinion is that IT'S A WONDERFUL LIFE is a very good film. Certainly a very emotional ending. But labeling it a "Christmas" movie is nonsense and it was never intended to be shown only at the holidays. It is a motion picture, just like any other, and deserves to be watched objectively. That's what I'll do here. How does it compare to other similar films? Well, for one thing, I find that this film can convey some very strong emotions for a nearly 60 year old film. Another example is CITY LIGHTS, by Charlie Chaplin, which can still move audiences to tears 70 years after its release. I find the acting to be quite good, but it's worth noting that this shouldn't be surprising considering the first-rate cast (especially Stewart and Barrymore). I find the script to be generally rather weak, incidentally. I feel that the sheer great acting manages to overcome some fairly cliched lines and situations. Still there are also some memorably original sequences like the high school dance. The direction by Capra is excellent as always. It is not without good reason that he is considered one of America's foremost filmmakers. He definitely is not afraid to play scenes for ultimate emotional content which adds strongly to the personal and human element of his films. From a technical aspect, I find this film to be quite well made, especially given its low budget. The giant street set is quite convincing in creating a whole little "world" inhabited by the movie's characters. The location footage of the early suburban neighborhoods is an interesting record. The story itself is good but I feel that the entire concept of the angel was simply a cop-out. In earlier Capra efforts, the main character overcame adversity with effort and common sense. But this "guardian angel" device is complete fantasy. I guess it works to some extent but I found it to be an easy out. How does it rank against Capra's other films? Well, obviously nothing can touch the brilliant, landmark IT HAPPENED ONE NIGHT. One of the very funniest films ever made, and one of the very best. Also, I don't think IT'S A WONDERFUL LIFE is as successful in maintaining a theme as MR. DEEDS (1936). I would rank it after those two, earlier Capra efforts. Generally if I *have* to watch a "christmas" movie it would be Laurel and Hardy's BABES IN TOYLAND. IT'S A WONDERFUL LIFE is a very good film, and deserves to be shown. But so do many other films. I feel another release of 1946, DETOUR, by Edgar G. Ulmer, is a much better film.