Factual error: Eddie specifically tells the gang not to take his mom's "Delicious Deals" snacks because his mom loves them. But Delicious Deals are made by Mrs. Freshley, a company that was not founded until 1994. The boxes used in the movie even include the modern design that can be found today in most Dollar Tree stores.
Factual error: When Stanley is at synagogue practicing for his Bar Mitzvah, and the Rabbi tells him to close the book, he does so - and a clear shot of the book cover from Stanley's left shows that the book (in Hebrew) is upside down. Hebrew books read right to left - the cover should be on Stanley's right, right side up.
Continuity mistake: Early in the film, Georgie draws a smiling face into the misted window in Bill's bedroom. When Georgie turns around to approach his brother Bill, the condensation and smiling face are gone. As the scene concludes, we see a close-up of the smiling face again, fading off the bedroom window.