From what I understand, the game is a pretty straight-up old school RPG. The character classes are Loser, Average Kid, Brain, Jock, Cheerleader, Criminal, and Tough. The game takes place over four years, and players score points in categories like Social Success or Academic Success, with the goal of meeting class-specific victory conditions. There is a skill system that includes stuff like Drinking, Cheating, and Studying. There are also simple rules for dealing with various challenges like acne, pregnancy, and dope addiction.
Probably the most remarkable aspect of this game are the zinger illustrations by Erol Otus. Enjoy:
(CLICK IMAGES TO ENLARGE)
I thank Kellri for posting these scans to The RPG Site a few years back.