With multiple Academy Award nominations under its belt, Coralie Fargeat’s The Substance (2024) is one of the most talked-about films of the year. Fusing body horror with a feminist twist, the film follows Elisabeth Sparkle (Demi Moore), a Hollywood star celebrating her fiftieth birthday. When she is unexpectedly released from her contract by network executives who suddenly deem her too old to host her long-running aerobics show, Elisabeth turns to "The Substance," a secret serum that promises to rejuvenate her appearance by generating a younger version of herself, named Sue (Margaret Qualley).  But as the two grow to resent each other, it becomes clear that perfection comes with a cost. With awards buzz and an imminent second theatrical run, The Substance is connecting with audiences and critics alike. But is the hype earned? We’re breaking it all down today with spoilers, so stay tuned.