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You can watch The Oldest Living Graduate (1980) for free on Fawesome.

Henry Fonda stars as Col. J. C. Kincaid, crusty patriarch of a Texas family. Kincaid's weak-willed son Floyd (George Grizzard) wants to get into the old man's good graces so that he can develop the Colonel's vast land ownings. Floyd arranges a city-wide celebration lauding Kincaid as the oldest living graduate of a nearby military academy. The festivities serve only to make the already sour Kincaid even more truculent and miserable. Adapted from Preston Jones' 1974 play and originally telecast live from Dallas' Southern Methodist University on April 7, 1980.

A scheming son attempts to manipulate his crusty Texas patriarch by staging a grand, public celebration of the old man's supposed achievements. This collision of family greed and stubborn pride turns a simple homecoming into a sharp battle for control over vast land holdings.