This is the finale from my favorite movie ever, Cinema Paradiso. Movie critic Leonard Maltin has called this "the perfect finale", and I agree. Now you really have to have seen the entire movie to understand why this is so perfect ... but trust me, it is.
Really. See the movie. Honestly.
More about the movie (if you don't already know it) after the clip:
*SPOILER ALERT CONTINUED*
The movie is about a young boy ("Toto", a nickname for Salvatore) in the 1930's in small-town Italy. The town's entertainment revolves around the movie house. Toto befriends the projectionist, Alfredo ... and being a small town (and the 1930's), the priest regulates what can and cannot be shown. He previews every film before it is shown to the townspeople, and dictates the "pornographic" scenes that must be cut from the film and not shown to everyone - including any scene that shows people kissing. Toto is fascinated with the movies and the escape from reality ... but of course, reality always comes back into play. As he grows up, Toto witnesses horrible tragedies and experiences his own personal tragedies, and eventually leaves his small hometown as an adult to pursue his own life. In the end, he is called back to his hometown and sees how it has changed ... but has a wonderful gift waiting for him.
Enjoy. It really is a beautiful movie.