It'll tell the story of an orphan who goes on a magical journey to protect the world from dark forces and get rid of evil.
It's due to start filming in March and set for release at the end of 2002.
Scary Movie 2 featured a talking parrot which squawked Anne Robinson's catchphrase "You are the Weakest Link, goodbye" before killing off its characters!
There's no word yet on what rating the new film will be or which bits they'll make fun of.
