Step Brothers star, Will Ferrell has turned down $29m to star in a sequel to Elf.
He said: "I was offered $29 million for a sequel, but I never liked it. It does seem a lot of money for a guy to wear tights. It's insane. But it wasn't difficult to turn down. I remember asking myself could I withstand the criticism when it's bad and they say, 'He only did the sequel for the money.
"I decided I wouldn't be able to. I didn't want to erase all the good work I've done, but you watch - I'll do some sequel in the future that's c**p."
Will also ruled out starring in a sequel to Old School, which saw him play an overgrown student alongside Vince Vaughn and Luke Wilson.
He insisted: "I wouldn't do another Old School. They put these rumors out there, but I would never be behind that one."
What!!!!!!!!!!!!!!!!!!!? Are you crazy!? No chance for Old School 2. Old School is only one of the greatest comedies of all time. Don't let Ferrel stop this one from happening. Bring in Owen Wilson, Ben Stiller, or move Artie Lang into a leading role but don't let Ferrell stop this movie from finding its way back into the theater.