Less Than Zero (HBO)

Spoiled teenagers surrounded by the wealth and decadence of L.A.'s fast lane head for tragedy in this glossy, compelling melodrama. Rich and ambitious, young Clay (Andrew McCarthy) goes East to an Ivy League college. But when he returns for Christmas, he finds his girl involved with his best friend--who is hooked on cocaine. With Jami Gertz, Robert Downey Jr. and James Spader.