We'll never experience its like again, but kids still do, infatuated with movies, shows, and games to an extent that our adults selves just don't understand!

No, I don't think so. A pop-culture phenomenon is simply not able to dominate the zeitgeist the way Star Wars did in 1977. There are too many choices now. There wasn't shit in 1977. As the epic Donnie & Marie Osmond Star Wars WTF demonstrates. Do kids still have their own thing? Of course.

Donny & Marie Osmond Spoof Star Wars W/ Darth Vader, Chewbacca, C-3PO, R2-D2 And More!

YouTube video by Dave's Osmond Videos