Eric Schaeffer and Donald Ward managed to scrape together 22,000 dollars to make this independent film about the making of an independent film. Schaeffer plays a New York City cabdriver (which he really was), while Ward co-stars as his roommate (which he really was). They have no money, no script, and admittedly not much talent, but they're determined to put a movie together about a couple of slightly overweight twentysomethings who are united by their "outsider" status. Talent agent Lisa Gerstein, the men's mutual friend, takes a maternal interest in their project. Along the way, they manage to charm genuine celebrities such as Phoebe Cates and Martha Plimpton into appearing in their film. (Cates really was cajoled into appearing when she stepped into Schaeffer's taxi!) My Life's in Turnaround debuted at the Seattle Film Festival, where it scored a hit (despite its misogynistic undertones) and earned Schaeffer and Ward a multimillion-dollar studio deal. Incidentally, the word "turnaround" is a Hollywood term referring to a movie project that has been in development so long that its chances of ever being produced are slim to none; detractors of Schaeffer and Ward (and there are many) tend to wish that this had been the fate of My Life's in Turnaround.
~ Hal Erickson, All Movie Guide