Ah yes, remember it very well. I watched it at least 8 times the first month it was on HBO back in the day.
It has everything an 80's, "lets-get-laid" movie needs. I could be wrong, but this was one of the very first of the genre. Of course they all got progressively worse as the decade wore on (Hardbodies 2, anyone?)
The good stuff:
-Hot chicks & tons of nudity. Mostly tit shots.
-Several dirty sex jokes.
-A sappy love story. Ya know, to keep the females interested.
-A montage with crappy music playing over the happenings, (in this case REO SpeedWagon)
Ah yes, good times and a great soundtrack too!