I was on a PTA binge earlier and save for Hard Eight, I've now seen every PTA movie.
Magnolia has to be one of the worst fucking films I've seen in a long-ass time. The whole movie features an endless cast of whiny dumb bitches with daddy problems, and the ones that shut their dumb bitchy mouths long enough to be suffered not only don't get enough screen-time, but are never rewarded for taking shit from every other character.
Watching the movie reminded me of why I hate Julianne Moore, Tom Cruise and Melora Walters and why I love John C. Reilly and Phillip Seymour Hoffman. Don't get me wrong, Punch Drunk Love, There Will Be Blood and Boogie Nights were in-fucking-credible movies, but Magnolia is just a big pile of shit. The score, acting, writing and everything in between is absolute shit compared to PTA's other films. I mean for fuck's sake, it NEVER ENDS. The characters are so fucking annoying and insufferable, and the lack of any kind of reprieve or payoff in the end made me want to snap the disc in half so Hollywood Video can't rent out this piece of shit to anyone else. I may be a little late in that effort, however, since the movie came out in '99.
I've never heard EB's thoughts on this movie, so indulge me.