No, I'm not talking about the 2000 remake starring Brendan Fraser and Elizabeth Hurley. That was OK, but nothing to write home about. It's bland at best. If you've seen that version, do not fool yourself into thinking you've seen Bedazzled.
I'm talking about the 1967 original, directed by Stanley Donen and starring Peter Cook and Dudley Moore. This is a modern (well, 1967 modern) retelling of the Faust legend. Not only can you get serious cuts from the razor wit, it's a viciously wicked satire of religion where God ends up as the villain. This is a brilliant film, a must-see for any fantasy-loving atheist with a sense of humor.
Sample: Peter Cook, as the Devil, has the 7 Deadly Sins working as his servants. Their service, as you might expect, leaves something to be desired. Cook complains, "What terrible Sins I have working for me. Must be the wages."