This one’s for the hedonists .

All you party people should know that the Al Hirschfeld Theater has been refurbished as an opulent pleasure palace, wherein decadence comes without hangovers. That’s where the euphoric “Moulin Rouge! The Musical” opened on Thursday night in a shower of fireworks, confetti and glittering fragments of what feels like every pop hit ever written.

Inspired by the 2001 Baz Luhrmann film and directed with wicked savvy by Alex Timbers, this “Moulin Rouge” is a cloud-surfing, natural high of a production. It has side effects, for sure, including the vertigo that comes from having your remembrance of songs past tickled silly and the temporary blockage of any allergies to jukebox musicals.

But for its plump, sleek two-and-a-half hours of stage time, “Moulin Rouge” — which stars a knockout Karen Olivo, with Aaron Tveit and Danny Burstein doing their best Broadway work to date — has the febrile energy you may associate with the wilder parties of your youth, when gaudy nights seemed to stretch into infinity.

Or rather, it’s like the memory of all those parties merged into one streamlined fantasy. The team behind “Moulin Rouge” — which includes the brilliant arranger and orchestrator Justin Levine and the choreographer Sonya Tayeh — know that familiar music opens the floodgates of recollection like few other stimuli.