As we approach the New Year, it would be wise to remember the timeless words, of the great prophet: “Greetings, my friend. We are all interested in the future, for that is where you and I are going to spend the rest of our lives. And remember, my friend, future events such as these will affect you in the future.”

Isn’t it refreshing to see long-overdue appreciation of Edward D. Wood, Jr? Whoever would have guessed that his Holy Grail directorial swan song, Take it out in Trade (1970), would be  discovered, restored, and given such a gorgeous Blu-ray treatment by American Film Genre Archives (AFGA), in collaboration with Something Weird Video? May blessings eternally be bestowed upon both of them.

As this is from Wood’s later period, his budget seems to be down to about the $1.50 range. Also, like Wood’s later output, it’s a sexploitation flick, with astoundingly gratuitous nudity. Still, there’s a degree of renewed Woodian energy, which had been primarily missing since the auteur bogged down in fatigue in the late fifties. There is no mistaking that Wood here is in an advanced decline from serious alcoholism.

Trade actually has a story, such as it, and is different from his late work, too, in being an intentional comedy. Shirley (Donna Stanley) is missing, forcing her parents to hire a Private Dick named Mac McGregor (Michael Donovan O’Donnell). They must not have much of a detective budget because McGregor is totally inept. As he says, in typical Woodian narration: “Sex is where I come in. Dead or alive, sex is always in need of my services. A service to which I sincerely apply myself wholeheartedly—sometimes even in the daylight hours.” Indeed, he hardly does any detective work, being repeatedly distracted by sex.

Wood himself shows up in drag, wearing… drum roll, please… a lime green angora sweater, topped by huge blue fake pearls. He looks bad—splotchy and bloated—but there’s a twinkle alive through all that self-destruction. Looking for Shirley, McGregor takes one international holiday after another, flying into wherever (cue stock plane footage), looking  for naked people (stock nudie films and new nudie footage), flying back, checking his office, getting bored, and flying to a new destination to see more naked people. Countries are represented by the barest minimum establishing shots, such as one of a continental dandy sipping wine. McGregor’s reactions are cartoonish, the jokes are groan-inducing, and the pacing is napalmed due to Wood’s padding to reach feature length. He apparently hoped against hope that it would all work, because he bragged in the trailer (included in the Blu-ray extras), “This one won’t be ignored by the box office.”  Of course, it was.

The twist is that when McGregor finally tires of bug-eyed reactions to naked people and goes to look for Shirley, it turns out that Shirley is a hooker. Cue Wood’s bizarro assessment of the sex trade. Shirley’s not in the gutter, she’s having fun, and indeed, what better way to make a living than being paid to have sex, which she enjoys?

Wood’s views of square sex are like Aunt Ida’s from Female Trouble, minus the cynicism, and with its cheapo international adventures, Take It out in Trade has an undeniable charm. With its acceptance of “deviants,” it could almost bee seen as a sequel of sorts to Glen or Glenda. It’s a shockingly progressive and nicely optimistic world view: accepting every brand of “deviants,” from trans couples to heroin addicts.

When Wood himself gets in drag, he’s enjoying the hell out of himself again, and its contagious when he does.

AFGA/Something Weird restored every minute they had access to, and although one wishes that about a half hour of footage would have remained lost, its a bona fide find and release.

The extras also include Wood’s Love Feast, which reverses the voyeurism with a Peeping Tom reaping what he sewed in a dog collar. Although both films show signs of age, the restoration job is clearly a labor of love, and who could argue with Something Weird?