They don't make movies like this anymore. Like many kids my age, I saw it may times on Saturday afternoon television, full frame with lots of cuts and lots of car commercials (which somehow weren't so obnoxious back then). It was fun enough just because of the characters. For a western, The Good, the Bad, and the Ugly didn't take itself so seriously -- mainly because Eli Wallach's weasely Tuco was so compelling.
But what I saw wasn't the real movie. Sergio Leone made widescreen movies, and he used the entire frame. What I saw, with pan-and-scan and interstitial advertising, was a Cliff's Notes version of the film.
Having recently watched on my 20" iMac the DVD of the restored version of the film, I can say it is a different movie. The iMac is not HDTV, and standard DVDs, though they have much more resolution than televisions can provide, are not HD DVD -- but even so, the movie offered what a lot of more recent movies do not: