I agree, from a pure comedy standpoint that movie should've been gangbusters but it was a pretty big hit from what I recall and was shown on TV quite a lot after it left the theatres. It was Chase's apex as a star and at the same time it was the harbinger of things to come.
I've heard a lot about that Under the Rainbow movie though I haven't seen it. It has an interesting cast but i'm not sure if was any great shakes. The setting (a hotel in WW II era LA) and the plot makes it sound like a screwball comedy in the tradition of movies of the period.

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