A bit. There are other female-centric teen movies that I think are better i.e. Sugar & Spice, Clueless, Bring It On, 10 Things I Hate About You and MG's more brilliant and edgier inspiration, Heathers.
No, not at all. It's one of those classic comedies that never gets old, like Bridesmaids, Clueless, Forgetting Sarah Marshall, The 40YO Virgin, The Heat, This is 40, etc.