Penfield was a girls school in 1955. The curriculum ranged from Latin to Etiquette, from Shakespeare to Field Hockey. Abigail is one of the new girls coming in to learn about these and other subjects. Coming from a well to do family, she hopes to be the school's best student. Just as she is getting started in the school, she meets Michael, a male student in the school. Soon the two fall deeply in love, but their relationship becomes challenged by those around them, leading to difficulties and tragedy. At the center of the movie is the friendship between Abigail and Muffy at an all-girls boarding school. The film concludes with Abigail being the only one of the two who graduates. Muffy, whose one-night stand with Malcolm resulted in a pregnancy, dies subsequently after having an abortion.
Peter Hyams had previously made Busting, an R-rated movie about vice cops which had not performed well commercially. With Our Time, "I was trying to do the opposite of what I had done before," he says. Upon viewing the film, critics took note of the bad cinematography, particularly the repeated instances of seeing sound and lighting equipment in many shots. Pamela Sue Martin, Parker Stevenson and George O'Hanlon Jr. all would star in The Hardy Boys/Nancy Drew Mysteries later in the 1970s.
Reception
of The New York Times wrote that the film "combines the worst features of two kinds of ancient Broadway comedy with a gothic lack of sensibility all its own," and found it "difficult to believe" that Peter Hyams "was also the director of the recent 'Busting,' one of the better, more intelligent cop movies. Perhaps teen-age rich girls are not characters with whom he has much sympathy or understanding." Gene Siskel of the Chicago Tribune gave the film 1 star out of 4 and wrote that it "probably sees itself as the female equivalent of 'Summer of '42'... Unfortunately, the story this time is nothing more than a B-grade soap opera." Arthur D. Murphy of Variety called it "an unexciting, sterile story... More of a made-for-TV feature than anything else." Kevin Thomas of the Los Angeles Times was positive, stating that the film "turns nostalgia back on itself with remarkable deftness and subtlety. In doing so it makes certain aspects of the '70s seem not all that bad." He added that "All four of the film's young stars are able and appealing." Tom Shales of The Washington Post wrote that "Muffy has no redeeming values; she's loathsome and self-pitying. So who are we supposed to care about, much less root for?"