Hey cool there is already a thread on this topic!
I have taken Italian film classes for the last two semesters, and hardly anyone has mentioned any Italian films, some are great.
As Rudey mentioned Malena is a good movie, lots of nudity... Monica Bellucci nudity
Life is Beautiful is also good
Some more obscure ones that we've watched that are awesome:
Riso Amaro (Bitter Rice)
La Stanza del Figlio (the son's room) good but sad, its a downer
Non Ho Paura (Im not afraid) Pretty intense suspense film that reminds me a lot of M Night Shyamalan flicks
Meditteraneo. A story about some soldiers that are marooned, pretty good and funny.
Il Mostro (the monster) a HILARIOUS film about a guy that is seemingly a criminal but is not
Pane e Tulipani (Bread and Tulips) a charming film about a woman who gets lost on vacation and finds herself
Mimí metallurgico ferito nell'onore (the Seduction of Mimi) A hilarious film about a Sicilian male who tries to his two families from each other and escape the mafia
Il gattopardo (the leopard) a very good movie about a royal family during the revolution in italy in the 19th century. very beautiful film.
Ladri di Biciclette (The Bicycle Thief) a guy gets his bike stolen in rome, and with it his freedom
Italian films are amazing. A lot of people find them refreshing after years of Hollywood films because they arent made the same way