This eccentric and soulful anarcho-leftist fantasy is probably the most underrated of all Depression-era musicals. Directed by Lewis Milestone in 1933 from a script by Ben Hecht and S.N. Behrman, with a score by Rodgers and Hart that features rhyming couplets, the film stars Al Jolson as a Central Park hobo who actually likes being homeless—until he falls in love with an amnesia victim (Madge Evans) who’s a former mistress of the mayor (Frank Morgan) and has to get a job to support her. The overall conception owes something to Chaplin’s City Lights, but the editing and mise en scene are genuinely inspired and inventive. (The parodic Eisensteinian montage cut to the syllables of “America” must be seen to be believed, and a tracking shot past muttering customers in a spacious bank is equally brilliant and subversive.) Harry Langdon is memorable as a Trotskyite, and Richard Day’s art deco sets are striking.