Is this a parody?

Rating: 3/10 (23 November 2000)

Is this movie really from 1999? Then I think is has to be a parody or something. I know it takes place in 1978 but everything these boys say is so dumb...
If it's a parody on movies from the "80, it's pretty well done, but if it's just a "90-comedy taking place in the "70, it is too bad to speak about...