[In this month's Andy Warhol picture, a stringy-haired blonde drawls,] "Are you as bored as I am?" Baby, we were stultified.

Undaunted devotees of underground cinema shouldn't be disappointed in "∗∗∗∗" That's what it is called—or, rather Mr. Warhol, whose films have long since risen above, or beyond, mere title credits, calls it. Maybe it's just as well….

The question, as with any Warhol film is why?

Mr. Warhol has superimposed three images on the screen, along with several soundtracks. Whether talking to themselves, one another or the camera, or wallowing around in frenzied deshabille or blinking in heavy-lidded stupor, they're truly a sight, for those who can take them, or [even] hear them. The subjects range from sex to hitchhiking to sex to Elsa Maxwell to sex to Ronald Reagan to sex, while the soundtrack beep-beeps and moans with a kind of stringy, electronic music. It ends...