FORTUNE — Even though it’s just six years old, Facebook has already generated a half a billion users, a lofty valuation, and a lifetime of controversy. Columbia Pictures caught the wave of Facebook’s relevance perfectly with today’s opening of The Social Network, the vaguely fictional story of its founding during Mark Zuckerberg’s undergraduate years at Harvard.

Aaron Sorkin and David Fincher’s project has already wowed critics, and the fictional Zuckerberg will likely crush the fictional mogul of an earlier generation, Gordon Gekko, at the box office this weekend.

How will current students at Harvard react to the film? To find out,Fortune checked in with a select group of students who saw the film at an advance screening last week in Harvard Square, which featured a Q&A with Sorkin and actors Jesse Eisenberg and Armie Hammer. Each of the following five reactions comes from a member of the class of 2011, and some, but not all, are members of “final clubs,” the private social clubs featured prominently in the film.

Adrian Diamond: Right after leaving the movie, I was disappointed in the way the film depicted final clubs [the private, same-sex clubs, roughly comparable to fraternities or sororities, that are a unique part of social life at Harvard]. The young people and their activities are displayed as caricatures — the college girls are all flawless models, and the final club guys are all stacked Abercrombie & Fitch model types. Sex is unencumbered, drugs are portrayed as awesome. The entire scene is extreme and dramatized.

Later, however, I had to give Mr. Sorkin and Mr. Fincher more credit. In actuality, I’m sure they figured that the lives of Harvard men and women are less glamorous than that. It remains ambiguous whether the idealized final club world is even happening at all. Perhaps it’s all just Zuckerberg’s imagination running away with him.