Ephesians 5:15-16

KJV-See then that ye walk circumspectly, not as fools, but as wise,
Redeeming the time, because the days are evil.
NIV-Look carefully then how you walk! Live purposefully and worthily and accurately, not as the unwise and witless, but as wise, making the very most of the time.

Seeing these two you can see how they are different.  We read the KJV here in our house, occassionally a NKJV.  But, the KJV is definitely not for everyone and I'm glad that they have done the different versions so that others can understand and learn. 

I think we all need to read this verse daily, in whichever version we have in our homes, and dwell on it.  We should make sure that all we do, that everything we spend our time on is pleasing to the Lord and wise for us, a good use of our time.  There are some times that it's okay to just take sometime to yourself and read a book, but that book should be one that doesn't go against your beliefs.  The same goes for the movies you watch.  This is just my opinion of course.