I think it’s safe to say The Deer Hunter is a clear reference point for this film, it’s almost shameless but Woo uses that reference point to deliver his most ambitious and personal film.
John Woo grew up in the Hong Kong slums, his choices were limited, he could’ve easily ended up like two of his friends at the time and became a gangster or a drug addict, instead he pursued his passion for filmmaking and he opens the film with a montage set in 1967 outlining the environment which existed for Ben (Tony Leung), Frank (Jacky Cheung) and Paul (Waise Lee), a politically charged atmosphere, constant fights with a rival gang, each one trying to find his own way out of his environment. Ben is a romantic, engaged to a local girl, Jane (Fennie Yuen) and a fixation on Elvis, Frank is a loyal friend and a dreamer but always at odds with his parents, Paul’s father instills in him a sense of ambition which will later turn toxic but he’s generally a good guy.
In order to provide Ben with a good wedding celebration, Frank borrows money from a loanshark, on the way to the celebration with the money, Frank is attacked by Ringo, a rival gang member, he does his best to fend off Ringo but eventually he’s overwhelmed. Frank returns to the celebration pretending nothing’s wrong but Ben knows something is up, he finally get’s Frank to admit what happened and they both pay a visit to Ringo which results in a confrontation which leaves Ringo dead.
The Three Musketeers take a job as smugglers of contraband for a local smuggler, who sends them to Vietnam to deliver the contraband to a gangster there. Once there, a suicide bomber inadvertantly blows up their contraband, chaos ensues, a young man is shot in the head by the local militia and whatever innocence Ben, Frank and Paul is finally lost.
They arrive at the nightclub run by the gangster, Ben runs into a Hong Kong singer who asks Ben to meet her at a local bridge the following day and Paul tries to find out where Luke, their Eurasian contact is. Luke (Simon Yam, in a role intended for Chow Yun Fat) performs a hit in the men’s room while Ben is washing his face then meets Paul, Ben and Frank outside. They explain their situation to Luke, Paul’s ambition rises to the surface, he knows in order to wield power, he needs a gun and he asks Luke for one. Armed with a gun, Paul set’s out to prove his power by holding up a store while Frank helplessly watches. a military outfit shows up, thinking they’ll be arrested they throw down their guns and watch as the outfit annihilates the store with a machine gun with everyone in it, grab all the jewelry and take off, it makes Paul even more determined.
Ben sees Sally at a protest which turns violent, they both make their way to their meeting point, Sally explains she’s a hostage held against her will by the gangster, who turned her into a prostitute and heroin addict and holds her passport in his office. Luke tried saving her once but failed.
The gang decide to raid the nightclub and take the guns stashed there, which results in a violent gunfight, they take the gangster hostage, grab Sally’s passport and attempt to rescue Sally but she’s shot by the gangster, they flee to a local river where a boat is waiting for them, they’re ambushed, Sally dies and they’re forced to leave her behind and take off in the boat.
They’re ambushed again, this time their boat explodes and they’re forced to run into the forest where Ben, Frank and Paul are captured by the VC. Luke is captured by US soldiers. It’s here where the comparisons with Deer Hunter are most obvious as Woo tries to recreate the famous Russian Roulette scenes, Jacky slowly goes insane and they finally make an escape attempt, Paul damns his soul by silencing an increasingly hysterical Frank by shooting him in the head and fleeing in a local boat. Luke shows up with the US army in tow to destroy the camp.
Ben is seriously injured and is found by a group of Buddhist priests, he tracks down Luke and then goes on to find Frank, who is is living a waking nightmare as a mentally insane hitman who performs hits in return for drugs to kill the pain. Ben severs the last bonds of brotherhood by committing a mercy killing.
Ben finds Paul has achieved his ambitions as the CEO of a corporation using the gold he stole and killed for. Ben avenges Frank by walking into Paul’s office with Frank’s skull and kills Paul in the same fashion Paul shot Frank. The final bonds of brotherhood have been severed.
It’s unfortunate this film was sandwiched between Woo’s two masterpieces, The Killer and Hard Boiled, because I think this is the most personal film he ever made, it’s shaggy but there is an emotional core to the film, there’s a sense of romanticism to the scenes in Hong Kong, Woo knew those Hong Kong streets intimately, in the same way Scorsese knew those streets of NYC. The film was inspired by the Tiananmen Square protests and the resulting violent clashes, which was largely why the film failed to connect with local audiences, it was also an exorcism of the violence and chaos that Woo grew up with.