That's why I posted it. It's the perfect movie for you.
This movie fits your exact speciations even down to it being one night. One really awesome night.
The tunes? I don't recall any STP or Soundgarden so that might be the one demerit. Maybe the rave music is important.
It has an *excellent* soundtrack - stuff specifically for the movie from No Doubt and Fatboy Slim. The actual movie also has a great scene that features Massive Attack's 'Angel' (but isn't on the soundtrack). Cast is solid too - Timothy Olyphant, Sarah Polley, Katie Holmes, Scott Wolf, William Fichtner, and Jay Mohr. It didn't capture *my* HS experience, but seems like a pretty typical night for kids who go to HS in/around LA (raves, drugs, etc.).
As for 'best' single day movies, I'll throw in Ferris Bueller's Day Off, Do The Right Thing, Breakfast Club, Clerks, and honorable mention for Superbad (which is technically disqualified for having a 'morning after' scene).
