It should be noted that the movie was based on a novel by Richard Price.

Not a bad read - a little over 200 pages, you could easily read it in one sitting. The novel concerns one group of kids - the aforementioned Wanderers, an Italian-American gang - and their various escapades and comings of ages. Lots of racial tension with the African-Americans in their Bronx neighborhood, lots of funny/moving/exciting talk about girls and sex and booze and violence and bowling. It's pretty entertaining. Very New York.