Though slightly trimmed by director-writer Emir Kusturica for American consumption, this riotous 167-minute satirical and farcical allegory about the former Yugoslavia from World War II to the postcommunist present is still marvelously excessive. The outrageous plot involves a couple of anti-Nazi arms dealers and gold traffickers who gain a reputation as communist heroes. One of them (Miki Manojlovic) installs a group of refugees in his grandfather’s cellar, and on the pretext that the war is still raging upstairs he gets them to manufacture arms and other black-market items until the 60s, meanwhile seducing the actress (Mirjana Jokovic) that his best friend (Lazar Ristovski) hoped to marry. Loosely based on a play by cowriter Dusan Kovacevic, this sarcastic, carnivalesque epic won the 1995 Palme d’Or at Cannes and has been at the center of a furious controversy ever since for what’s been called its pro-Serbian stance. (Kusturica himself is a Bosnian Muslim.) However one chooses to take its jaundiced view of history, it’s probably the best film to date by the talented Kusturica (Time of the Gypsies, Arizona Dream), a triumph of mise en scene mated to a comic vision that keeps topping its own hyperbole. In German and Serbo-Croatian with subtitles. (JR)