A hypnotic parable about coming of age in a shifty world of slipping terms, "found" in the optically mesmerized fragments of a home market movie about a chimpanzee`s high adventures at Coney Island. A new story is rendered from the filmic vocabulary of the lighthearted original by moving in on background details, slowing down fleeting actions and shifting the psychology of the frame. Last Lost is a silent film in spirit, trying to speak without words, like some dreams. (E.H.)