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This article examines Harmony Korine's 2012 film, Spring Breakers. Arguing that Korine's film explores the bankruptcy of ethics in advanced capitalism, the article considers two predominate and contrasting theories of contemporary subjectivity: Slavoj Žižek's psychoanalytically-inspired conception of the subject as radical lack and Deleuze's affirmation of the subject through attention to affect and the virtual. In reference to Kant's radical reformulation of the moral law as an empty and tautological form with the concept of the categorical imperative, this article shows that Korine's allegory of the spring break adventure correlates the subject's eagerness to surmount any and all obstacles toward enjoyment to late stage capitalism's increasing encroachment on the absolute limit of deterritorialization. In so doing, the film suggests that neither Deleuze nor Žižek, affirmation nor lack, offer an effective ethical principle for the subject in the face of the real of global capital.