The long-gestating return of Pee-Wee Herman has an official name, an official synopsis, an official director, and an official release strategy.

Netflix announced Tuesday that it would release "Pee-Wee's Big Holiday" worldwide, and production is slated to start in March. Judd Apatow, who was previously confirmed by Pee-Wee actor Paul Reubens to be involved with the project, will co-produce the film with Reubens.

The plot, per Netflix's press release: "In 'Pee-wee's Big Holiday,' a fateful meeting with a mysterious stranger inspires Pee-wee Herman to take his first-ever holiday in this epic story of friendship and destiny."

Ted Sarandos, Netflix's Chief Content Officer, said in a statement that the streaming service is "delighted by the opportunity to introduce such a beloved character to a new generation." Apatow noted that he was "thrilled to have the opportunity to work with the brilliant Paul Reubens on this film. It is a dream come true."

"Judd and I dreamt up this movie four years ago," Reubens added in his own statement. "The world was much different back then - Netflix was waiting by the mailbox for red envelopes to arrive. I'’ve changed all that. The future is here. Get used to it. Bowtie is the new black."

Comedy Central veteran John Lee ("Broad City," "Inside Amy Schumer") will make his feature directorial debut on "Holiday." Reubens co-wrote the script with Paul Rust ("Arrested Development," "Comedy Bang! Bang!").

[via: Netflix]

Photo credit: Pee-Wee Herman