Prepare your blue steels... 'Zoolander 2' was just announced.

Prepare your best blue steels, orange mocha frappucinos and catwalk moves, people. Zoolander is coming back – in a big way.

The 2001 cult classic is finally getting a sequel and everyone just got a taster of the film, slated for a February 2016 release.

During Paris Fashion Week, Ben Stiller and Owen Wilson – obviously better known as THE male models Derek Zoolander and Hansel – had an incredible walk-off to end the Valentino show, officially announcing that the really, really ridiculously good-looking people will be coming back to our screens.

Watch the video below. Post continues after video.

So here’s what we know for sure. Stiller will be back. Wilson will be back. Will Ferrell will play Mugatu. Justin Theroux wrote the script.

Related: Is this the movie sequel announcement every kid has been waiting for?

Stiller told MTV about the supposed plot way back in 2010, saying he reckons it’ll be about Derek and Hansel returning to the spotlight.

Ben Stiller and Owen Wilson posed with Anna Wintour after the show, managing to get the Vogue editor to crack a slight smile. Obviously because she’s in the presence of greatness. Image via Instagram/VogueMagazine.

“In the fashion world, if you go away for a year, it’s changed — it just happens so quickly,” he said.

“I think the idea in the beginning of the movie is that it’s 10 years later, and Derek and Hansel are literally forgotten. Nobody remembers who they are, so they have to reinvent themselves.”

Related: 10 movies that seemed all right at the time… But now?

We can’t talk for the fashion industry, but WE would never forget the brilliance that was Derek Zoolander and Hansel.

We’re so flipping excited, we feel like spraying each other with petrol.