I watched it and the cops didn't arrive (thank you for the encouragement).
The film is a curiosity and a bold one but I don't think it really succeeds. The biggest problem is the script. The show girls are definitely eroticized out of contemporary comfort. But it's not "Bilitis" or "Pretty Baby".
It did get me thinking about the way female pre-teens were eroticised at that time from the mid-seventies to early eighties. The coffee table books and later films of British photographer David Hamilton (who recently committed suicide), Brooke Shields, Jody Foster, Natassia Kinski... The pop psychologist in me would say it was a reaction against the full bodied sexuality of women during the feminist '70's that must have scared a lot of men into fantasies of soft-focus innocence and powerlessness. The weird thing was that at that time these soft-focus erotic fantasies were considered to be date night movie fodder.