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'Anchorman 2' to be re-released with an R rating, hundreds of new jokes

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When Will Ferrell wasn't palling around with Jimmy Fallon and the First Lady or giving us this magnificent piece of artistry on The Tonight Show last night, he revealed some pretty big news that gives another breath of life to the Anchorman franchise.

The SNL alum chatted with Fallon about Anchorman 2: The Legend Continues, which was released back in December, and announced that a second version will be released for one week only starting Feb. 28. Thanks to the abundance of alternate takes (or "alts," as Ferrell referred to them) recorded during filming of the original, director Adam McKay and Ferrell, both of whom were writers for the movie, decided to let everyone see them.

The new release is said to be 20 minutes longer and includes a staggering 763 brand-new jokes not shown in the original. There's even a musical number that had to be cut from the theatrical version, plus more "little treats." There's a pretty clear indication that the alternate takes were decidedly more raunchy than what made it into the final cut, too, as the new release will carry an R rating (the December release was PG-13). Check out a trailer for the "super-sized" release here.

The whole thing wasn't exactly a separate undertaking done after the fact, either, as Ferrell said that a second editor was working alongside the crew the whole time adding in alternative jokes.

If you weren't already aware, this isn't the first time the Anchorman gang has released some of the excess footage. A 93-minute companion film to the 2004 original called Wake Up, Ron Burgundy: The Lost Movie was included with the DVD extras and only available at Best Buy.

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