American Graffiti

In one story line, Curt is desperate to find a beautiful blonde girl driving a white 1956 Ford Thunderbird that he sees en route to the dance: at a stoplight, she appears to say "I love you" before disappearing around the corner. Curt is coerced by a group of greasers ("The Pharaohs") to participate in an initiation rite that involves hooking a chain to a police car and ripping out its back axle.