Matthew Settle and Kelly Rutherford Matthew Settle and Kelly Rutherford

When we heard, yet again, via the Hollywood Reporter, that producers are planning a Gossip Girl spin-off, we couldn't help but be skeptical. Ever since the CW teensplosion hit the airwaves, there have been whisperings of several spin-off concepts in development, and the powers that be have systematically denied each and every one of them.

But guess what, folks? has confirmed that this one actually exists! Executive producers Josh Schwartz and Stephanie Savage have confirmed that an official Gossip Girl spin-off series is in the works that will tell the backstory of young Lily and Rufus in love in 1980s Los Angeles. "We didn't want to upset the chemistry of our cast — all of whom are crucial to the show," Savage told the Reporter. "Nor did we want to dilute New York City as a character."

The spin-off will debut as a backdoor pilot as a flashback episode of Gossip Girl that will air on May 11.

What do you think about what I will refer to as "The Ballad of L. and R." until an official title is announced? Will you watch?

Watch full episodes of Gossip Girl in our Online Video Guide