UPDATE: The directors now claim they were joking and taken out of context.  Read the details after the jump.

Thanks to the success of their Harold and Kumar franchise, as well as the fair-to-solid buzz surrounding their newest film, American Reunion, that’s set to hit theaters next week, writer/ directors Jon Hurwitz and Hayden Schlossberg have signed a deal with Universal Pictures that “allows them shuffle through Universal’s vast library of films and remake or re-imagine films that pique their interest.”  One franchise they’d like to reboot?  Back to the Future.

I’ve pause a moment here to allow you to do a spit-take of whatever beverage you’re currently drinking.  Better now?  Ok.

“That’s our favorite trilogy,” the directors told Moviehole, when asked which Universal franchise they’d love to reboot.

But don’t panic just yet, Future fans, as Schlossberg added that he wouldn’t want to do it right away do to fan backlash.  However, he warns,  “30 years from now when Spielberg’s, like, 90 and those guys are kind of on their way out, and those movies just look really old because we’re watching movies that are old, literally in two dimensions or something, it would be great to have all these classic that you’re able to remake.”

Whew.  With a little luck, there will be a nuclear apocalypse between now and 2042 that will keep such sacrilege from occurring.  In the meantime, the directors have stated that they’re focusing more on directing sequels, such as American Reunion, rather than remaking original films.

UPDATE/Film has now collected Hurwitz’s Twitter response to the news, with the director denying that he will ever be part of a reboot of the franchise.  Whew:

It all started with us talking about how as diehard Karate Kid fans, we were furious when KK was being remade. Then it got into a conversation about the business of remakes. And we talked about how KK proved that nerds like us make up such a small portion of the public and people embraced KK. Then we talked about how for business reasons all classics will one day be remade. We speculate BTTF will one day be remade, because its so fucking awesome the world needs those stories. But if it were to be remade, we hope its WAAAAAY in the future. We were totally joking when saying we wanted it. Joking about remaking BTTF is like when Larry David jokes about Hodgkin’s or Trey & Matt joke about AIDS. One of the few truly taboo topics.

What do you think of a rebooted Back to the Future?