Paramount Pictures and Gary Sanchez Productions today announced an unprecedented theatrical release of an all new cut of the hit film Anchorman 2: The Legend Continues, starring Will Ferrell, in theaters in the U.S. and U.K. beginning February 28th for one-week only. The studio has released a new trailer for this extended cut, plus a clip where Ron Burgundy (Will Ferrell), Brian Fantana (Paul Rudd) and Champ Kind (David Koechner) try to smoke some crack on live television, and a new poster.

The new cut of the film, titled Anchorman 2: The Legend Continues: Super Sized R Rated Version, will feature 763 entirely new jokes from legendary anchorman Ron Burgundy and America's favorite 24-hour global news team. The film is now rated R.

Here's what director Adam McKay had to say in a statement.

"When my editor told me we had a whole different version of the movie that was more than two hours long with nearly 800 new jokes, I was shocked. But when Paramount said they were actually going to put it in theaters, I did an 1950′s spit take. If you're a hardcore Anchorman fan go see this. If you're not, stay very far away."

Anchorman 2: The Legend Continues, a sequel to 2004's cult film Anchorman: The Legend of Ron Burgundy, was released in theaters on December 18, 2013 and has earned more than $170 million at the worldwide box office to date.

For ticketing info, go to AnchormanMovie.com.