This is the brilliant revenge sequence from 'Rushmore', my personal favourite of the movies written and directed by Wes Anderson. Just like other great Anderson exports, such as "The Royal Tenenbaums" and "The Darjeeling Limited', this movie manages to be hysterical whilst also being apathetic and heartfelt at the same time (as you can imagine, this is an incredibly difficult and contradictory line to walk). There is nobody writing or directing in cinema today quite like Wes Anderson and this scene is very characteristic of his work.
A peculiar schoolboy (Jason Schwartzman) and a depressive millionaire (Bill Murry) fall for the same woman and they go from being unlikely friends to bitter enemies. The sequence that follows is fantastic, it's absurd the way their one-upmanship escalates to such a serious level in such a short space of time.
Both actors really shine in 'Rushmore' - Bill Murry is particularly brilliant in his usual dry, stonefaced, man-child sort of way and Jason Schwartzman really made a name for himself in it (they have both featured regularly in Anderson's movies since, including his quirky yet faithful animated adaptation of Roald Dahl's 'The Fantastic Mr Fox').
I'll be writing an entry on the movies of Wes Anderson at some point in the future, he's an acquired taste but one that is certainly worth taking the time to acquire.