Starring: Zero Mostel, Gene Wilder, Kenneth Mars

Where the hell do I even begin with this movie? It's one of the funniest, best written and fantastically acted movies I've ever seen. Zero Mostel plays Max Bialystock, a failing theatrical producer. Gene Wilder plays his accountant, who concocts a scheme to create the biggest flop possible, in order to scam their investors out of their excess money. I love the idea of this movie, and Mel Brooks really does everything he can with it. The two go out of their way to ensure that the play is terrible by choosing the worst play they could find and hiring the worst director and actors. It's here that a lot of the laughs come out. I won't go into detail, because I really don't want to spoil any of the jokes, because they really are that good. I will say that the performances help a great deal. Zero Mostel is perfect as Bialystock. He's so smug and sarcastic, and he never fails to get a laugh. Gene Wilder is beyond fantastic as Leopold Bloom. He's constantly on edge, and Wilder plays his panic and hysteria perfectly. The two play off each other so well, which is one of the reasons the film works as well as it does. Their chemistry really is something special, leading to the witty and flowing dialogue you'd expect from a Mel Brooks' movie. They play off each superbly, and really make this film.
The best thing about The Producers in my opinion though, is the satire, which I feel is more relevant now than it was at the time. Mel Brooks' perfectly lampoons the entire entertainment industry. Everything, from the fatcat producers, to the eccentric director and the self entered and arrogant actor, is spot on. I also really love the scene when (and I don't know if this could be considered a spoiler, but I'll say it anyway) the audience begins to love the terrible and offensive play. That's just as relevant now as it was at the time, what with all those terrible comedy movies coming out at the moment. Everything this movie says about the industry is genius, and it actually holds up pretty well today, which is more than can be said for most satires. And as long as the industry stays greedy, it'll stay relevant.
I feel it's a pretty accurate portrayal of how carnivorous the industry can be, but that never distracts from the laughs. The movie is both side-splittingly funny and bitingly sardonic, and it balances both aspects perfectly. The comedy never overshadows the commentary, and the commentary never overshadows the comedy. If anything, they improve each other, and help give the movie a distinct, yet funny and clever feel, and that's something I really respect. Mel Brooks got Best Original Screenplay for this movie and he definitely deserved it. The script is so tight and witty, and is easily one of the best things about this movie.
Is it offensive? I wouldn't say so. First of all, the context. Bialystock and Bloom are trying to make the most offensive, inappropriate and terrible play they can, so it's not out of nowhere. That's the point of the story. Also, It's treated as disgracefully tasteless in-universe, and I think that's a golden rule when it comes offensive humor. Don't try to offend your audience. Always have the characters have more of a reaction than the viewers. I've put in a link to an article about the making of this movie and Mel Brooks' vision (which you can find here: http://www.theguardian.com/film/2008/aug/16/comedy.theproducers), so check that out and see what you think.
All in all, The Producers is a pretty bold movie, and one I honestly don't think would be made today (what 2005 remake?). Despite that, it's one of the funniest movies I've ever seen. I honestly can't find anything wrong with this movie. The timing is spot on, the pacing is great, the satire is sharp, the performances are wonderful, the music is surprisingly good, and overall it's genius. It's just a great movie if you ask me, and one that really has a spot on portrayal of the entertainment industry. I'd highly recommend this one if you're looking for a laugh. It's just so clever. Give it a watch. It's definitely worth your time.