from IMDB.............
Frustrated punk rocker Otto quits his supermarket job after slugging a co-worker, and is later dumped by his girlfriend at a party. Wandering the streets in frustration, he is recruited in the repossession of a car by a repo agent. After discovering his parents have donated his college fund to a televangelist, he joins the repossession agency (Helping Hand Acceptance Corporation) as an apprentice "repo man". During his training, he is introduced into the mercenary and paranoid world of the drivers, befriended by a UFO conspiracy theorist, confronted by rival repo agents, discovers some of his one-time friends have turned to a life of crime, is lectured to about cosmic unconsciousness by the repo agency grounds worker, and finds himself entangled in a web of intrigue concerning a huge repossession bounty on a 1964 Chevy Malabu driven by a lunatic government scientist, with Top Secret cargo in the trunk.
How well do you like darker films? How well do you like Emilio Estevez? I found it just like your friends stated....A CULT CLASSIC. So there is a TV show for it now huh???
IMO, for movie buffs this is a must see film, but one can get annoyed rather quick. It tries to play serious/comedy and that usually just doesn't work.
I can think of another couple that are a must see if you are interested in this one..........
The Warriors
The Outsiders
Bad Boys (Sean Penn)
If at first you don't succeed, skydiving is not for you!