That Thing You Do! is the story of a one-hit wonder.

In 1964, an aspiring Jazz drummer named Guy (Tom Everett Scott) is a last minute addition to the a local band called the Oneders.  (It’s meant to sound like Wonders but almost everyone mispronounces it as O-Needers.)  The band’s egotistical leader, James (Jonathon Schaech) has written a slow ballad called That Thing You Do! but when Guy’s drumming causes the band to perform the song at a faster tempo, they end up with a local hit on their hands.  That local hit becomes a national hit when The Oneders are signed by Play-Tone Records.  First, Mr. White (Tom Hanks), their new manager, officially changes the name to The Wonders.  Secondly, he makes sure that every teen in America is dancing to That Thing You Do!  Third, he tells Guy to always wear sunglasses.  Fourth, he tells James that he will record and perform what Play-Tone tells him to.  Guitarist Lenny (Steven Zahn) and the unnamed Bass Player (Ethan Embry) are happy to be along for the ride but James chafes at his lack of artistic freedom.  Guy, meanwhile, falls for James’s girlfriend (Liv Tyler, at her loveliest) and dreams of meeting his idol, jazzman Del Paxton (Bill Cobbs).

That Thing You Do! was Tom Hanks’s directorial debut and, with its careful recreation of a bygone era and its collection of authentic sounding early 60s rock on the soundtrack, it was obviously a labor of love.  Considering the number of times that the song is played in the movie, it helps that it is a very good song.  That Thing You Do! is a catchy tune, one that you can’t help but tap your feet to.  At the same time, it also sounds like a one hit wonder.  It’s good but not so great as to make you expect much else from The Wonders.

Not surprisingly, Tom Hanks gets great performances from the entire ensemble cast.  Johnathon Schaech and Tom Everett Scott have never been better.  Liv Tyler is lovely and vulnerable as James’s unappreciated girlfriend.  Familiar faces like Peter Scolari, Kevin Pollak, Chris Isaak, and Clint Howard make welcome appearances.  Hanks himself is surprisingly intimidating as Mr. White.  When he says that the band will cover something the Play-Tone catalogue, it’s obvious that he’s not making a request.

The film is a tribute to being young and to loving music bit it’s also a study in the disillusionment of discovering that everything is ultimately a business.  James is frequently an arrogant jerk and he treats his girlfriend terribly but it’s hard not to sympathize with him when he says that he wants to do more than just cover songs from the Play-Tone catalogue.  To James and Guy, the Wonders are about self-expression and their love of music.  To Mr. White, the Wonders are just another band that came up with one catchy tune and who probably aren’t ever going to be heard from again.   That Thing You Do! pays tribute to all of the one-hit wonders out there, the bands who you forget about until you just happen to hear that one song on the radio or in a movie and suddenly, all the memories come flooding back.