Ron Burgundy has made it official: he’s making a comeback. 

Burgundy is the audacious and politically incorrect lead character of the 2004 comedy cult classic Anchorman: The Legend of Ron Burgundy, played by comedian and writer Will Ferrell. 

Ferrell, as Burgundy, announced on Conan O’Brien Wednesday night that there will be a sequel—but not before an epic flute solo, followed by a classic faux-pas. Ferrell/ Burgundy strongly suggested to O’Brien that perhaps it was time for a little plastic surgery.

"So, basically, you came on my show to play the flute and insult me, that was the idea?" said O'Brien, laughing.

"No," said Burgundy/ Ferrell. "I came on this show to announce to everyone here in the Americas, to our friends in Spain, Turkey and the UK — including England — that, as of oh-nine-hundred mountain time, Paramount pictures and myself, Ronald Joseph Aaron Burgundy, have come to terms on a sequel to Anchorman."

The audience went wild.

Deadline Hollywood reported that Judd Apatow will co-produce along with Gary Sanchez Productions, Ferrell and Adam McKay’s production house.  Original cast members Paul Rudd, Steve Carell and David Kechner are slated to return. Christina Applegate was also in the original, but no word yet on whether or not she will appear in the sequel.

The industry site also says the creative team is still working on ideas for the upcoming film.