The Hollywood Reporter has announced that Michael Bacall, co-screenwriter for Project X, has been hired to create a treatment for a possible sequel. Both producer Todd Phillips and Warners will get to decide whether they want to move forward with it, but only a money allergy (or some sort of artistic integrity) would keep them from doing so.

With films like this, we’re all entering a new era where studios have gotten wise to the pitfalls of shelling out $400m for a budget and advertising on one movie. It’s no surprise then that movies made for $10m-$20m that provide steady returns are looking a bit shinier, and Project X2 would certainly fit that bill while piggybacking on sequel success.

This is all about as unsurprising as Rush Limbaugh saying something offensive about women on air, but the real question is whether or not a movie like Project X will inevitably succumb to the don’t-wash-don’t-rinse-but-repeat story problems of The Hangover 2. With Phillips’s name attached, it’s an easy comparison, but it’s also easy because with movies that are exercises in one-upmanship, it seems natural that the sequel can do little but repeat and continue that challenge. Is there enough meat to the movie to transfer its characters over into a second helping? It doesn’t seem likely, but maybe Bacall has a trick up his sleeve. Or maybe it’ll just be another outrageous party…this time in college!

Skepticism aside, it’s a valid question simply because of the movie’s structure. A great treatment, and a great sequel could be in the works, but this is undoubtedly a challenge for Bacall to either face or embrace.

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