In the heart of London's swanky Chelsea neighborhood, a new 1980s-themed nightclub called Maggie's, named after former British Conservative Prime Minister Margaret Thatcher, pays homage to a bygone era.

Launched just before the recent British election, which put the Tories back in power after 13 years of New Labour rule, Maggie's is a stone's throw away from Mrs. Thatcher's current home. Here, night revelers can indulge in nostalgia for a time that most of them are too young to remember. In fact, the nightclub founders, Charlie Gilkes and Duncan Stirling, are only in their 20s.

Mr. Gilkes insists that Maggie's is not a "Tory club." Nevertheless, a visit will remind you of the Iron Lady's stance on everything from the Falklands to the trade unions as her famous speeches play on loudspeakers in the restrooms.