My favorite utterance from the movie:
A hooker comes out of the bathroom in a beautiful red dress. She says, "Would you like to make love? Or, should we have an intelligent conversation instead? I've been reading a lot of Noam Chomsky lately; I think he's a marvel"
It is a very well-made dark comedy with some wonderful performances. My favorites are Tom Waits and the Vietnamese psychopath. The latter also happens to be the lucky guy who gets to experience some moments with that one special hooker. I also loved the old lady in hospital, who also happens to be gorgeous. Sam Rockwell, Christopher Walken, and Woody Harrelson are impressive, but this is business-as-usual for them, so nothing novel there.
Politically, the movie is important in that it does, in a rather subtle way, condemn homophobia. It also promotes interracial romantic relationships, which I always find beautiful.
The earlier movie, written and directed by the same person, is a superior work of art in many ways, though not as funny.