"Bill and Ted's Excellent Adventure" is no less than a seminal movie of the 1980s. It had Napoleon eating ice cream, Abraham Lincoln getting arrested, and possibly the finest acting performance of Keanu Reeves's career. Its sequel, "Bill and Ted's Bogus Adventure," in which the guys played Battleship against the Grim Reaper and mugged St. Peter to get into Heaven, kind of put a damper on the memory of the first movie. The movie had some moments of campy brilliance, but overall it was a piece of sh*t.

Nevertheless, Vulture reports today that a third film may actually be in the works, with Keanu Reeves and Alex Winter (who most likely agreed to the sequel after a 15-second phone call) coming back and reprising their roles. A script has been completed and director Dean Parisot has been attached to lead the filming.

Strange things are afoot at the Circle K, dudes: Vulture hears exclusively that a long-thought-impossible third Bill & Ted film is coalescing — and yes, both Keanu Reeves and Alex Winter are attached to star.

Original Bill & Ted creators Ed Solomon and Chris Matheson have also attached Dean Parisot (Galaxy Quest) to direct their script. Unlike so many recent studio remakes, which have simply recycled old material for a new generation, Solomon and Matheson took the unusual step of writing their third Bill & Ted script on spec in an attempt to ensure a take that would address where Mssrs. Ted Theodore Logan and Bill S. Preston, Esq. are in their lives today as opposed to being a reboot or remake. Insiders tell Vulture the hope is to make a mid-priced studio comedy like Hot Tub Time-Machine.

Both actors are 47 now. They're not exactly going to be playing the same roles as they did as high school—and it might be ridiculous to see them play as dumb as they did in the first two films. We're still definitely intrigued, but we have to ask you guys: Do you think the sequel will be bogus or righteous?