Ferris Bueller fans, here's some amazing news: There is a finished script being shopped in Hollywood for a sequel to the 1986 teen classic.

Titled "Ferris Bueller 2: Another Day Off," the movie places Ferris on the eve of his 40th birthday. The script was written by Rick Rapier, a screenwriter based in Arizona. Rapier provided "Stuck in the '80s" with an exclusive and complete copy of the 106-page script.

Is it good? I thought it was a blast. I read it in a single afternoon and was impressed with the care Rapier took with the original story and characters. The story has the same feel, humor and pace as the 1986 movie, which should please hard-core Ferris fans. (Click here and click here to read two full scenes from the script)

The movie fast-forwards Ferris' life about 20 years. In the years since high school, Ferris has turned his carefree "Life Moves Pretty Fast" motto into a motivational self-help career -- think Tony Robbins, only with a beret and sweater vest. His best friend Cameron is still at his side, managing his massive business.

But despite his phenomenal success, Ferris is a bit distracted on his 40th birthday (which, considering his massive fame, is being watched on pay-per-view TV by millions of devoted fans). He decides to take the day off, sending Cameron, his business associates and family into a frenzy.

Rapier says he hopes John Hughes would direct the movie and all the actors would return to reprise their original roles, including Matthew Broderick ("Ferris), Alan Ruck ("Cameron") and Jeffrey Jones ("Ed Rooney"). And what are the characters all up to now?

• Ferris' sister Jeannie (Jennifer Grey) is married to the boy she met in the police station (Charlie Sheen).
• No longer a school administrator, Rooney is still stalking Ferris for revenge.
• The economics teacher played by Ben Stein now is an airline gate representative.
• Ferris' girlfriend Sloane Peterson (Mia Sara) is a Hollywood star going through a rough marriage.

Can the movie be made? Right now, that's completely up to Hollywood. Rapier says several players in the movie business have read the script, with various reactions. One executive who passed on the script said he didn't like the idea that Ferris was profiting from his persona, Rapier said.

The big questions are whether Hughes can be talked into returning the director's chair and whether a studio will take a chance on a script from a relatively unknown writer. Personally, I think the Ferris legacy is too tempting to resist. (Movie bloggers and critics say otherwise -- read their reactions.)

Come on, Hollywood. Take the chance. After all, as our hero says, "Life goes by pretty fast. If you don't stop and look around once in a while, you could miss it."

Check this out:

• A Q&A with screenwriter Rick Rapier.
• Here's what the soundtrack would include
• Read a scene from the movie
• The critics react to the sequel idea