The Saw franchise began with a simple premise—two guys locked in a cellar by a calculating madman must find their way out as part of an intricate, sadistic "game." By the seventh entry, however, the series was a festival of severed flying limbs and exploding head traps.

Lionsgate doesn't think we've had our fill of blood and guts and has announced an eighth entry in the franchise, slated for October 2017—seven years after the franchise ostensibly concluded with Saw 3D.

Deadline reports that German twin brothers and filmmaking duo Michael Spierig and Peter Spierig (Daybreakers, Predestination) are on board to direct.

Bloody Disgusting reports that Josh Stolberg and Pete Goldfinger (behind Piranha 3D, Piranha 3DD, and Sorority Row) will likely write the script and that franchise creators James Wan and Leigh Whannell will be back as executive producers.

Rumors are whirling that this eighth entry will act as a reboot, and the tentative title Saw: Legacy has even been bandied about. But hey, when you've shown guys getting their torsos ripped open by swinging pendulums and others drowning in ground-up pig entrails, sky is the limit.

Love it or hate it, the Saw series is iconic. All seven entries have grossed $874 million at the global box office, which is why Guinness touts it as the "Most Successful Horror Franchise" of all time.

Will a reboot live or die at the box office? Make your choice.