Paul Schrader and Bret Easton Ellis Team for Killer Shark Movie?!

In related news: up is now down, black is now white and Oprah Winfrey's getting an Honorary Oscar.

William Bibbianiby William Bibbiani

More weird, weird, weird movie news today: filmmaker Paul Schrader, the man who brought you Taxi Driver, and novelist Bret Easton Ellis, the man who brought you American Psycho, are joining forces to make a killer shark movie.

I know it's late in the day, but if you were eating cereal right now you'd probably have to pause with a heaping spoonful hovering in front of your lips, dumbfounded at the "What The Hell"-edness of it all.

Hollywood Reporter announced that the film, entitled Bait, will be directed by Paul Schrader and co-written by Schrader and Bret Easton Ellis. The film is about a young man with a grievance against rich individuals who steers their yacht into shark-infested waters. As you can imagine, it has little-to-nothing in common with Antoine Fuqua's action-comedy Bait, starring Jamie Foxx, although it might hit a snag with 2011's Bait (trailer below), a thriller starring Fantastic Four's Julian McMahon and Step Up 3D's Sharni Vinson which is also about killer sharks (albeit in a supermarket… yes, you read that right). Producer Braxton Pope says that Schrader and Ellis will "create a distinct take on a summer, youth thriller." Well, we should certainly hope so.

Despite many acclaimed novels, including American Psycho and Less Than Zero, this shark thriller will mark Bret Easton Ellis's only second screenplay to date, following 2008's The Informers.

CRAVE Online will return with more bonkers movie news when Lars Von Trier signs on to direct the next Justin Bieber movie or something.