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Will Ferrell was left scarred by a teenage bully who threatened to shrink him.

The Elf star suffered nightmares about becoming the size of an ant after a neighborhood bully threatened to bring him down to size.

Ferrell recalls, “He threatened to put shrinking powder on me and I believed he had the ability to do that.

“He had some vial of something and said, ‘This is shrinking powder. You better watch it!’ Eventually my mom marched me over and told the kid to tell me it wasn’t real.”

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Sacha Baron Cohen and Will Ferrell are reuniting for an as-yet-untitled comedy project about Sherlock Holmes.The movie would feature Cohen as the master detective and Ferrell as his assistant, Dr. Watson. It’s being written by Etan Cohen (Tropic Thunder) and produced by Judd Apatow and Jimmy Miller, who previously produced Talladega Nights: The Ballad of Ricky Bobby, in which the actors costarred. ”Just the idea of Sacha and Will as Sherlock Holmes and Watson makes us laugh,” Columbia Pictures copresident Matt Tolmach said in Variety. There’s no word on when the film is due to go into production; presently, Cohen is at work on Bruno, while Ferrell recently wrapped Land of the Lost and has Step Brothers coming out later this month.

This is the second project featuring Sir Arthur Conan Doyle’s legendary sleuth currently in development at a major studio. A drama from director Guy Ritchie is in the works elsewhere.

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Will Ferrell is set to return as 1970s newsman Ron Burgundy in a sequel to hit comedy Anchorman.

Director Adam McKay announced his plans for a second Anchorman film during an interview with website Collider.com over the weekend.

He revealed, “Will and I are like, ‘Let’s do Anchorman 2,’ so you’re talking, like, in two years, maybe we’ll do it. But we’re going to do it, for sure. We’re dying to do it.”

McKay insists the only thing that will scupper sequel plans will be if he and Ferrell cannot bring the original cast back.

He adds, “That’s always kind of a tricky thing. But, I think, with that cast we’re all friends, so yeah, we want to do it.”

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The grizzly bear featured in Will Ferrell’s movie Semi-Pro has attacked and killed a 39-year-old trainer at a Hollywood animal sanctuary.

Five year old Rocky was restrained with pepper spray after biting Stephan Miller on the neck at the Predators in Action facility in Big Bear, California, which is owned by his cousin Randy Miller.

Medics were called after the attack on Tuesday, but were unable to revive Miller.

Rocky, who is 7.5 feet tall and weighs 700 pounds, wrestled with Ferrell in his recent movie, and was recently described by Randy Miller as “the best bear in the business”.

The Department of Fish and Game will now decide Rocky’s fate, following an investigation.

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I almost peed my pants at the end of the trailer for “Step Brothers“.  Unfortunately, I cannot embed the trailer on my site here - so you’re going to have to go over to Yahoo to view it.  TRUST ME…it’s well worth it!

View the trailer here!

Here is an excerpt from Will Ferrell’s interview with SI:

When you and Heidi got together for the Swimsuit shoot, the atmosphere seemed …

Hot! Yeah, she’s a wildcat. Pretty much every shot came down to one of us trying to get the other’s pants off. The one where I’m biting her — can I say A-S-S? — that was one of the craziest moments. She told me, ‘You need to just bite my ass.’ I was kind of mimicking, half-doing it, so she stopped and said, ‘No! Really bite it!’ It was one of the most surreal moments in my entertainment life.

How did Mrs. Ferrell feel about that?

My wife is incredibly accepting of all these things. She just rolled with it. She came by the shoot and walked in right at the moment when I was biting Heidi’s butt. Heidi felt slightly self-conscious for a second — and then she went right back into it. [Will stops to tend to his 3-year-old son, Magnus.]

I bet he’s going to appreciate these photos some day.

Yeah. He’ll either be incredibly proud or incredibly embarrassed by it. One or the other. Probably the latter.

Do you have any Swimsuit memories from, well, not Magnus’ age, but after that?

I wasn’t exactly a Playboy-under-the-bed kind of kid, but I do remember — I think — a Christie Brinkley shoot down in the Seychelles Islands. I remember thinking, ‘Wait. This is Sports Illustrated? WHAT is going on here. Mooom?’ It threw me for a loop, but I remember being extremely excited about it after that.

You were one of the rare models who had issues about disrobing for SI. Why?

Well, Heidi kept trying to get me in my underwear. Begging, really. I had to say, ‘Believe me, I don’t have a problem [disrobing]; I do it a lot in my movies. But I’m riding the line of people who celebrate that and the people who are getting sick of it.’ There isn’t a moratorium on pants removal; I’m just trying to be a little more judicious about it. It put me in the unimaginable position of turning Heidi Klum down when she asked me to take my pants off.

Did you have fun with the period clothes you wore for the shoot and for the movie?

Absolutely. Especially the short shorts. I actually had to push our wardrobe person to make mine shorter. I think today’s basketball player doesn’t have the guts for it. The Lakers came out in them a month ago and they seemed ashamed. But I found that they lent increased mobility and supreme aerodynamics.

And the other fashions — like the plaid getup and the neckerchiefs?

Loved it. To give you an idea, when I was 10 I had a vest-and-shorts hot pants suit that I requested to wear just about every day. For [Semi-Pro] we looked at a lot of old footage for ideas. There was this press conference where Rick Barry had this ridiculous neckerchief — it was like he had a tablecloth tied around his neck it was so long. Immediately I said, ‘Jackie has got to wear neckerchiefs.’

And how well-prepared were you to play a basketball star?

Well, I was captain of my basketball team my junior year; a tough 6-foot-3 power forward. I think I averaged about 1.4 points per game. Not quite all-state, but I played tough defense.

And your game now?

In ABA terms, I’m like a Billy Paultz type.

Who?

Exactly. I really only know how to play in the post, but there are a lot of guys who are taller than me. Plus, I’ve lost a few inches in my vertical. It all makes my game pretty antiquated for my abilities.

How long before you do another sports movie?

Talladega Nights into Blades of Glory into Semi-Pro … The way things go, people start to focus on that as a story, like ‘He only does sports movies rahrahrah.’ So I hope there isn’t a good sports movie that comes along because I will probably say no to it. Unless they do one about the midget that Bill Veeck used with the St. Louis Browns. Through the wonders of CGI, I would play that midget. [Editor’s note: Eddie Gaedel was a dwarf, not a midget.]

To be fair, that’s a lot of sports movies. You entered our Sportsman of the Year discussion this year …

How long was I in the running? Half a second? I have to do some more lobbying, I think.
I can be bribed.

Then gifts are on the way.

Sports Illustrated