I actually read it for the first time a couple of years ago. it's a fun read (though as in all Tom Wolfe books one grows tired of excessive adverbs and repetitious references to loamy thighs). It kinda like watching a good 80s comedy show. It captures the time, but doesn't quite compare to contemporary works.
Gotta chime in. I lived in NY throughout this time period (and then some) and Wolfe is magnificent and capturing, if taking some liberties, the behavior and actions of the affluent. His books should be read as if he were a societal critic, and a fun one at that, rather than superb plots. I love his books and his style of writing. Not all do and one knows within 100 pages if they will or not. Nothing dense about his writings. I don't think one can really grasp the 80s in NYC without reading this, unless they were there.
I found this a fun book, especially his dialogue, "Yaggh." "Yeggggh!" "Aaaaooooog!" "Ayyyyyyy, whaddaya whaddaya?" Not many writers would get away with that.
I enjoyed Electric Kool-aid Acid Test too, but that was back in the '70s. I'll have to read it again.
I am so soryy, I have missed so many great comments. I guess I just want to agree with all the readers and post this so new members may get a hold of this book.