Ben Stiller and Owen Wilson are Back in Zoolander 2

Le Tigre, Magnum, Blue Steel: the three gazes that made Derek Zoolander famous back in 2001.

Ben Stiller and Owen Wilson are back to reprise their roles as models Derek Zoolander and Hansel in the anticipated sequel, Zoolander 2. Not exactly. Not according to the first for Zoolander 2.

It looks to be a bonkers comedy, fit to burst with visual jokes and a few snide comments on the state of social media and the fashion world to boot.

The new trailer shows the "really, really ridiculously good looking" Derek (Stiller) and his sidekick Hans McDonald (Wilson) taking on embarrassing jobs in an attempt to stay relevant in the fashion industry.

Christine Taylor, Billy Zane, Cyrus Arnold, Fred Armisen, Olivia Munn and Kanye West also appear in the film.

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Paramount has released a teaser for "Zoolander 2" ahead of its trailer debut.

"Are you a male model or a female model?"

Ok, Zoolander 2, you win.

Keep your eyes peeled for an unrecognisable Kristen Wiig who plays a botoxed and plumped fashion designer, as well as pop star Justin Bieber's comedic on-screen death. Included on his list is Justin Bieber, who manages to photograph himself striking Zoolander's signature "blue steel" pose just before he's shot and killed. And Will Ferrell returns as the infamous Jacobim Mugatu, who has gotten a bit more muscular since we last saw him.

The film is set for release in February next year, and the two-and-a-half minute video - released earlier today - has turned our anticipation levels up to 11.