Getting It (1985)

Straight blond Valley boy Randy dreams of making it with his roommate, Kurt. Will they or won't they eventually get it on at their friend Skip's party? Randy (Jim Bentley) has the hots for roommate Kurt (Shawn Michaels); they are supposed to go to a party (Guys only, who talk about wanting chicks) but Kurt (Shawn) takes off with some chick before they get there, and Randy (Jim) gets stoned in a van with two blond guys, who notice his hardon and can't help themselves. Later at the party, Kurt (Shawn) catches Bobby (Chris Allen) looking at his dick, and to "punish" him, he makes him suck it. Then a bunch of guys line up to screw someone near the pool, and some other guys have sex upstairs, and of course there's the fantasy scene (you can tell it's a fantasy, since there's a smoke machine blowing while guys are in leather gear). To note: Falcon's edit contained a water sports moment.