It's a Wonderful Life is a 1946 American film produced and directed by Frank Capra and based on the short story The Greatest Gift written by Philip Van Doren Stern.

The film takes place in the fictional town of Bedford Falls shortly after World War II and stars James Stewart as George Bailey, a man whose attempted suicide on Christmas Eve gains the attention of his guardian angel, Clarence Odbody (Henry Travers) who is sent to help him in his hour of need. Much of the film is told through flashbacks spanning George's entire life and narrated by Franklin and Joseph, unseen Angels who are preparing Clarence for his mission to save George. Through these flashbacks we see all the people whose lives have been touched by George and the difference he has made to the community in which he lives.

The film is regarded as a classic and is a staple of Christmas television around the world, although, due to its high production costs and stiff competition at the box office, financially, it was considered a "flop." The film's break-even point was actually $6.3 million, approximately twice the production cost, a figure it never came close to achieving in its initial release. An appraisal in 2006 reported: "Although it was not the complete box-office failure that today everyone believes... it was a major disappointment and confirmed, at least to the studios, that Capra was no longer capable of turning out the populist features that made his films the must-see, money-making events they once were."

It's a Wonderful Life was nominated for five Oscars without winning any, but the film has since been recognized by the American Film Institute as one of the 100 best American films ever made, and placed number one on their list of the most inspirational American films of all time.

George Bailey has spent his entire life giving of himself to the people of Bedford Falls. He has always longed to travel but never had the opportunity in order to prevent rich skinflint Mr. Potter from taking over the entire town. All that prevents him from doing so is George's modest building and loan company, which was founded by his generous father. But on Christmas Eve, George's Uncle Billy loses the business's $8,000 while intending to deposit it in the bank. Potter finds the misplaced money and hides it from Billy. When the bank examiner discovers the shortage later that night, George realizes that he will be held responsible and sent to jail and the company will collapse, finally allowing Potter to take over the town. Thinking of his wife, their young children, and others he loves will be better off with him dead, he contemplates suicide. But the prayers of his loved ones result in a gentle angel named Clarence coming to earth to help George, with the promise of earning his wings. He shows George what things would have been like if he had never been born. In a nightmarish vision in which the Potter-controlled town is sunk in sex and sin, those George loves are either dead, ruined, or miserable. He realizes that he has touched many people in a positive way and that his life has truly been a wonderful one. Written by alfiehitchie

George Bailey spends his entire life giving up his big dreams for the good of his town, Bedford Falls, as we see in flashback. But in the present, on Christmas Eve, he is broken and suicidal over the misplacing of an $8000 loan and the machinations of the evil millionaire, Mr. Potter. His guardian angel, Clarence, falls to Earth, literally, and shows him how his town, family, and friends would turn out if he had never been born. George meant so much to so many people; should he really throw it all away? Written by Tommy Peter

On Christmas eve, all of the citizens of the small town of Bedford Falls pray to the heavens to help George Bailey. It's then decided that Clarence, an angel who hasn't earned his wings, to help George. Before he does, he should know who George Bailey. George Bailey grew up in Bedford Falls, which is a small town, he dreams of somebody leaving it and making his mark on the world. His family's business is all what stands between the good citizens and Mr. Potter, a rich miser who takes sick pleasure in taking from everybody, without even caring how it affects them. George was all set to leave when his father died and George had to take care of the business. George would forever be stymied with his plans to leave and when he thinks that he is nothing but a failure, he decides to kill himself and that's when Clarence comes in and tries to convince him that he has made something with his life and that he had a "Wonderful Life". Written by rcs0411@yahoo.com