The good stuff
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Messages:
Although ultimately the message is positive -- that people should follow their passion, whether it's dance, filmmaking, or engineering -- there are some mixed signals when Luke encourages Moose to blow off classes for the dance battles. The fact that Natalie lies about who she is for much of the movie is also a negative take-away for kids.
What to watch out for
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Role models:
Luke is generous, offering dancers a place to stay when they have no where else to go, and Moose is an inspiration to stay true to your own gifts and talents. But the kids generally don't seem to do anything but dance and play. Natalie lies to everyone about who she is and why she's dancing with them. Of everyone, Camille is the best role model, because she actually pays attention to her school work and her friends.
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Violence:
The dance "battles" are aggressive but not necessarily violent, although they do lead to actual brawls between the dance crews one or two times. There's also some pushing and shoving between the crew leaders, but no blood or injuries.
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Sex:
A couple flirts for half of the movie, does a few sultry dance moves together (including an intimate tango), and kisses passionately a couple of times. Another couple kisses briefly in one scene. Several young women are dressed in tight or skin-baring clothes, and some of the choreography could be considered provocative.
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Language:
One use of "f--k," one "s--t," and one "bulls--t," as well as several insults like "loser," "a*s," "jerk," and "stupid." Also "hell" and "oh my God."
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Consumerism:
In addition to the various Nike sneakers the dancers wear, brands are featured during the dance competitions, particularly Sprite. The friends play videogames on a PlayStation, which is also one of the sponsors of the competition.
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Drinking, drugs, & smoking:
At a fancy party and in a dance club, there are people with cups in their hands, but it's not overt, and it's implied to be alcohol, rather than specifically confirmed.