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Through a series of homologies, Westerberg High School becomes a metaphor for American life and culture during the Reagan and George Herbert Bush administrations.
In 2004, a limited edition DVD set was released, and only 15,000 were produced.
The film earned 7,247 in its opening weekend The review aggregator website Rotten Tomatoes reports that 95% of critics gave the film a positive review based on a sample of 43 reviews and a rating of 7.8 out of 10.
The site's critical consensus reads: "Dark, cynical, and subversive, Heathers gently applies a chainsaw to the conventions of the high school movie – changing the game for teen comedies to follow." Academics have likened Heathers to other films popular during the 1980s and early nineties which characterized domestic youth narratives as part and parcel of the "culture war".
The DVD features a new documentary, Return to Westerburg High.
On November 18, 2008, Anchor Bay released a Blu-ray with all the special features from the 20th Anniversary DVD and a soundtrack in Dolby True HD 5.1.