At the time of its release, everyone thought of Miracle on 34th Street was a potential disaster in the making. Apart from being extremely expensive to film -- having been shot partly on location in New York -- and being built around a fantasy tale (always a tough sell), the studio decided to open the movie in the spring of 1947. Yet the gamble paid off, and the picture was still running in December of that year, one of the most successful fantasy movies and one of the most popular Christmas films in the history of Hollywood. In the decades since, the story of the bearded old man (Edmund Gwenn who proves to be something more than an actor playing Santa Claus at Macy's has become virtually a modern-day fable, remade twice by the studio (in the 1970's and the 1990's). The 1947 film has a special charm and vitality, however, most obviously due to the vibrancy of the performances -- Edmund Gwenn was at his most charming as Kris Kringle, the geriatric claimant to the name of Santa Claus, and Maureen O'Hara, John Payne, and Natalie Wood are perfect in their parts as three of the people swept into Gwenn's magical orbit. Moreover, and more subtly, the movie captured the mood of hope, tinged by uncertainty, that characterized the postwar United States (especially New York). The DVD is as perfect a presentation of the movie as this reviewer has ever seen, and runs circles around the laserdisc editions of previous years (one of which, at least, was colorized), as well as the various videocassette versions. The source print itself is flawless, and the transfer ideal. The 21 chapters are just adequate to break down the movie's highlights but their paucity is more than made up for by the presence of the original trailer -- one of the most effective promotional pieces ever to come out of a Hollywood studio, it doesn't show anything from the movie, yet it conveys the movie's richness of plot perfectly and cleverly, making it seem an irresistible attraction (which it proved to be). The disc is programmed to go to the menu before starting the movie, which gives the viewer a chance to see that delightful trailer first.