Four teenagers, a deadly car accident and a mysterious killer who plays the act of revenge--this is the story of 1997 slasher film "I Know What You Did Last Summer", adopted from Lois Duncan's 1973 novel. This year, the movie is reportedly in progress for a 2016 comeback.

The rumored reboot is manned by "Oculus" co-writer and director Mike Flanagan, together with Jeff Howard. Flanagan, through a tweet, confirmed the rumor saying, "Happy to be writing a new 'I Know What You Did Last Summer.' (I'm NOT, however, directing or producing... Not sure where that came from)."  

It will allegedly be produced by Neal Moritz who also did the original movie. Deadline reported that Sony Pictures is behind the revamping. 

The horror begins a year after the accident, when Julie (Jennifer Love Hewitt) receives a mail that reads, "I know what you did last summer." Her three other friends also encounter odd circumstances.

Eventually, the four friends talk and details of that particular event in summer are unveiled. The specific car arrangement sets Barry (Ryan Philippe) as driver with Helen (Sarah Michelle Gellar) on the front seat; Julie and Ray (Freddie Prinze Jr.) are at the back. Barry's reckless driving leads to killing David Egan (Jonathan Quint) who is on the road that time.

Initially, they wanted to call for help from the police, but later on decided that it would be best to keep the occurrence a secret.

The original film with the aforementioned plot grossed over $125 million at the Box Office. Domestic earnings generated $72,586,134, while foreign income peaked $53,000,000. The slasher film has won 3 awards and 7 nominations under the direction of Jim Gillespie and with the screenplay by Kevin Williamson. 

The success of the pilot movie did not fade right away. Two sequels came in the following years: "I Still Know What You Did Last Summer" and the direct-to-video "I'll Always Know What You Did Last Summer." The second film grossed $84 million according to Variety. 

The Verge counted 17 summers from the first film to present. If the movie comes out in two years, that would make 19. But no matter how many seasons have passed, well, people would always remember what they did that summer.

Watch the 1997 trailer below.