The movie I'm trying to find the title that is for a 60's based theme, and is about a high school kid who meets another one that has just moved in to town. The new kid is somewhat of a rebel (rides a motorcycle, drinks, sleeps around) He teaches the hometown kid that has been living there all his life that he can get the girl he wants and be tougher than he thinks he is. He also gets the hometown kid to meet his first girlfriend and loose his virginity. At the end of the movie the rebel kid and a girl from the high school take off together to have their own life and leaves the hometown kid with his jacket and motorcycle... Wish I could be a little more specific, but this is all I remember of it.

If you could help me out I would really appreciate it. Thanks for reading.

Sounds like this one to me...
If it isn't, it's pretty close and a good movie anyway.

Mischief (1985) (http://www.imdb.com/title/tt0089601/)

Sorry, but not even close, it's about 20yrs too late, and has nothing to do with Johann Strauss. I'm still living in hopes someone else may know, remember, it's early 60's and most likely black & white (but not sure as we only had B/w tv's in those days.

Not sure when the film was made, but it does include just about all the strauss waltzs.