Variety:

Paramount Players has acquired the feature film rights to Creepy Crawlers, the famous toy brand owned by JAKKS Pacific, sources tell Variety.

Neal H. Moritz will produce with Marc Gurvitz and Toby Ascher. Stephen Berman, chairman and CEO of JAKKS, will serve as executive producer.

Plot details are unknown at this time, but the film will be based on the classic toy molds of all sorts of creepy and slimy bugs. Originally developed by Mattel in the early ’60s, the toy was revitalized by ToyMax in the ’90s, allowing children to create their own molds again, like the Creeple Peeple and Eeeks.

You’re a REAL 90’S KID if you actually give a shit about this movie!