SUBMITTED BY pimpjoe_esb

November 8, 2007 —

ShockTillYouDrop.com is reporting that Victor Salva is officially on board to write and direct "Jeepers Creepers 3," the latest installment in MGM's monstrous franchise that he created in 2001 and carried through with a sequel subsequently released in 2003. Both films introduced audiences to The Creeper, an ancient creature that comes out of hibernation for 23 days to feed.

Whether it will fly straight-to-DVD or into theaters remains to be seen.

Read more below.