The story follows two academic superstars and best friends (Beanie Feldstein and Kaitlyn Dever) who, on the eve of their high school graduation, suddenly realize that they should have worked less and played more.
Directed by actress Olivia Wilde (her directorial debut), the film will arrive in theaters on May 24.
Capturing the spirit of our times, the film is a coming of age story for a new generation.
Megan Ellison, David Distenfeld, and Chelsea Barnard are producing for Annapurna, and Jessica Elbaum, Adam McKay, and Will Ferrell are executive producing for Gloria Sanchez.