It's time to light the lights. The green lights, that is. ABC has announced the return of The Muppet Show on TV.

A pilot reboot for the much-loved, cross-generational show has been greenlit after ABC executives in the U.S. reportedly gave the pilot presentation a standing ovation. 

The original Muppet Show aired from 1976 to 1981. It was revived in 1996 with ABC's Muppets Tonight, which aired 10 episodes. 

The franchise has seen a resurgence in popularity, however, after two recent movies, The Muppets and Muppets Most Wanted were a hit with audiences. 

Some loyal fans have high expectations 

This time around, the show is being billed as a more adult take on The Muppets. Shot in a documentary format, the new series will explore the Muppets' relationships, romances, desires and disappointments, Entertainment Weekly reports

'Adult' take on kids classic?

Big Bang Theory producer Bill Prady will be at the helm of the comeback, and the general feeling on social media in response to Friday's news was one of giddy excitement. 

Overwhelmingly positive response

Bring on The Muppets throwbacks

In other Muppet news this week

Some Muppet stars took on an A Cappella version of Echosmith's Cool Kids with Canadian A Cappella superstar Mike Tompkins: