Will Ferrell 'Anchorman 2' Set Photo -- By the Beard of Zeus!!!

Ladies and gentlemen, can we please have your attention. We've just been handed an urgent and horrifying news story. We need all of you, to stop what you're doing and listen.

ANCHORMAN IS BACK!!!!!!!!!

Will Ferrell was seen on set today for the first time in his patented mustache and blazer as shooting in New Orleans continued for the HIGHLY anticipated movie "Anchorman 2."

Christina Applegate, Paul Rudd, Steve Carell and David Koechner all return ... with Kristen Wiig and Harrison Ford (yes, really) among the newcomers.