Nearly every frame of the film is worthy of being framed. And Paul Jones was so heart-breaking (some critics actually thought he couldn't act).
I had quite a few bootleg dvd sites bookmarked a few years ago and I loved going through them and seeing what would catch my eye; it was this still of Steven Shorter, followed by the film's description that intrigued me:

After getting a copy from videobeat, I watched it twice in one day and I could not and still cannot believe that there isn't a wider audience and more acclaim for Privilege. Whenever I talk with other filmbuffs who adore the obscure, this one still stumps them; Privilege is still too obscure (and there's only one surviving film print, which can be rented for showings, so that means that not even QT has a copy).

Audiences back then were horrified by and I looked up the ridiculous review for it in Time, as they found the premise absurd. Seventeen magazine hated it because their demographic was ridiculed in the film. Privilege came out right on the verge of Beatlemania and if it had perhaps come out in the early '70s it may have done better (though people found Brian DePalma's Phantom of the Paradise ridiculous in 1973, too). For years Privilege was classified as science-fiction because the notion of celebrity-worship was considered ludicrous.

What really inspired Watkins to make the film was the short documentary Lonely Boy with Paul Anka and something his friend and actor Terrence Stamp said, "All celebrities think they're God."

As for music from the film: http://www.box.net/shared/7lz5qgnnf7

Also, note to self: Must make double-feature out of Privilege and Phantom of the Paradise.

One last note; my dad recommended the film A Face in the Crowd starring Andy Griffith, similar to Privilege but the character becomes the opposite of Steven: he instead becomes drunk on the fame and power.