The widow of a gay movie critic hopes to collect on her husband's inheritance, which includes a drama school in Hollywood run by her in-law, Buck Loner, a faded cowboy star. Despite 20th Century-Fox keeping this thing under-wraps for years, the notorious "Myra Breckinridge" is finally beginning to get the recognition it deserves. This Hollywood satire is indeed a misfire, but it isn't a boring one. Based on Gore Vidal's acidic book, it's an amusingly trashy, wicked and low-down look at Hollywood's loss of morals; it isn't meant to be high-brow, and Raquel Welch is ballsy and bitchy as the gal who takes on Tinsel Town. Rex Reed is her alter-ego, John Huston is perfect as Uncle Buck, Mae West is dazed but ribald as a man-hungry talent agent, and Farrah Fawcett is a sweetly stoned ingénue. Vidal (who penned one of the first screenplay drafts himself before being kicked off the project) chastised the picture but, despite some choppy editing and an uncertain direction, it's a movie perfectly in-tune with the source material. After some 30 years, the times have finally caught up with "Myra Breckinridge". **1/2 from ****