Movies I: What makes a good movie?

Ok, so my wife and I were talking about lists of good movies and I started thinking about making one myself. But the thing is, where do you start? So I decided to talk to Elizabeth about the criteria for making a top 10 list. Here's the talk:

Me: How do you pick a "good" movie for a list?

Eli: What are the movies that aren't phony?

Me: Good call. Alright, no phonies. What else?

Eli: Interesting moments. Space. The cinematography. A collection of these things...characters.

Me: I'd add: plot predictability, pacing, awareness of "how movies have been done in the past", believability. what else?

Eli: Lack of awareness of the camera - unless it's on purpose.

Me: Right! invisibility of the camera.

Eli: No, I meant when the characters don't seem to know there's a camera.

Me: Oh, yeah - the acting. Funny that didn't come up right away.

Eli: What do we need to complete the list?

Me: I think we either need a set of rating criteria to apply to all movies, or else a list that includes rationales for each movie. It can't just be a list. I wouldn't feel good about it.

Alright, that's at least part I of what makes a good movie.