This is kind of a big deal.

Not only have we been graced with the ace news that there will be a sequel, but reps confirmed to E! News that Will Ferrell will bust out his polyester suit with his many leather-bound books and apartment which smells of rich mahogany for Anchorman 2 (but it will be given a different movie title).

We know what you're wondering: Is the whole gang from Action4 News coming back, too?

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You know it just wouldn't feel right without Ron Burgandy's sidekicks, so luckily both Brick Tamland (Steve Carell) and Brian Fantana (Paul Rudd) are slated to return. There's no word if Veronica Corningstone (Christina Applegate) or Champ Kind (David Koechner) are going to join the party (but we sure hope so).

The film will be produced by Judd Apatow while Adam McKay will take on directorial duties along with writing the script with Ferrell.

So since it'll be a while until we can actually see the film in theaters, we're just going to sip on a little scotchy scotch scotch and spray on some Sex Panther cologne to celebrate and prepare for another visit to Pleasure Town.