20th Century Fox has released the first Once Upon a Deadpool trailer, offering a look at the new PG-13 cut of Deadpool 2. Indeed, while the R-rated follow-up hit theaters back in May and grossed over $730 million worldwide, Fox is releasing a new cut of the film in theaters for a special limited theatrical engagement this holiday season. This new cut of Deadpool 2 will be rated PG-13, and includes a frame story with Ryan Reynolds’ Deadpool telling the story of Deadpool 2 to a kidnapped Fred Savage, which is a jokey ripoff of the frame story from The Princess Bride. The idea was conceived by Deadpool 2 writers Reynolds, Rhett Reese, and Paul Wernick, so it's not exactly some shameless ploy by the studio to simply make more money.

This new footage was shot in secret after Deadpool 2 hit theaters, and this PG-13 cut is not only beneficial to Fox as a bit of a bonus at the end of the year, but is also being watched closely by Disney and Marvel Studios. Indeed, starting in January, Disney’s acquisition of 20th Century Fox becomes official, and the Mouse House is curious to see what the PG-13 prospects of the Deadpool franchise look like and how the character might fit into the PG-13-rated Marvel Cinematic Universe. Once this acquisition is final, all plans for Fox's superhero movies are subject to their new corporate overlords, and no doubt the folks at Marvel Studios have some ideas.

The best part of Once Upon a Deadpool, however, is that for every ticket sold $1 will be donated to the charity F–ck Cancer, which is being retitled “Fudge Cancer” for the purposes of this PG-13 release.

Check out the Once Upon a Deadpool trailer below. The film also stars Josh Brolin, Zazie Beets, and Julian Dennison and hits theaters on December 12th and will run only through Christmas Eve.

Here's the official synopsis for Once Upon a Deadpool:

On December 12, Deadpool 2 is back in theaters with zero F’s given.

 

To kick off the holiday season audiences of almost all ages will soon be able to enjoy the Merc with the Mouth’s reimagining of Deadpool 2 filtered through the prism of childlike innocence.

 

"Fox has been asking for a PG-13 basically since the start in 2006," Ryan Reynolds told Deadline. "I've said no since 2006. Now, this one time, I said 'Yes' on two conditions. First, a portion of the proceeds had to go to charity. Second, I wanted to kidnap Fred Savage. The second condition took some explaining..."

 

Fred Savage will join Reynolds in new scenes for ONCE UPON A DEADPOOL in an homage to Savage's starring role in the 1987 bedtime-story classic THE PRINCESS BRIDE. Fred remarked, “while my participation in this film was anything but voluntary, I am happy to learn that Fudge Cancer will be the beneficiary of this shameless cash grab.”

 

For every ticket sold, $1 will go to the charity Fudge Cancer - previously known as Fuck Cancer, who have graciously changed their name to be more PG-13 friendly for the 12 days of Once Upon A Deadpool’s release.

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