Today, It's a Wonderful Life is considered to be one of the greatest films of all time and among the best Christmas films. Although It's a Wonderful Life initially received mixed reviews and was unsuccessful at the box office, it became a Christmas classic after its copyright lapsed in 1974 and it fell into the public domain, which allowed it to be broadcast without licensing or royalty fees. Because of the film's disappointing sales, Capra was seen by some studios as having lost his ability to produce popular, financially successful films. Theatrically, the film's break-even point was $6.3 million, about twice the production cost, a figure it did not come close to achieving on its initial release.

Clarence shows George all the lives he touched and what the world would be like if he did not exist. The film stars James Stewart as George Bailey, a man who has given up his personal dreams in order to help others in his community and whose thoughts of suicide on Christmas Eve bring about the intervention of his guardian angel, Clarence Odbody ( Henry Travers).

It is based on the short story and booklet The Greatest Gift self-published by Philip Van Doren Stern in 1943, which itself is loosely based on the 1843 Charles Dickens novella A Christmas Carol.

It's a Wonderful Life is a 1946 American Christmas fantasy drama film produced and directed by Frank Capra.

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