This was Fred's last musical movie, not Fred's last film ever. (I think that's the confusion.)
He is charming in it, and so is Petula Clark (in fine voice).
They did update the setting without affecting the story too much. Rainbow Valley (I THINK that's the name of the town) looked a bit like a "hippie village" in the South. Barefoot "love children" running around. But they really didn't change the plot that much at all. The cast in the film is wonderful, but I can only handle Tommy Steele in small doses. He gets on my nerves very quickly as a performer. Fortunately, it's okay for Og the Leprechaun to do that, so it works.
The best part is the music (and the songs). Ken Darby did some great vocal arrangements (particularly in the opening), Petula sings the title song and "Glocca Morra" (especially) beautifully! And I like Hermes Pan's choreography too. I believe this was his last musical effort as well.
They did give "Old Devil Moon" a modern (1960s-Bossa-Nova-sounding) arrangement. Nothing to crazy, but it's different than it sounds in the show.
And it was the first film Francis Ford Coppola directed!
"Jaws is the Citizen Kane of movies."
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