Collider‘s Steve Weintraub caught up with a red-band trailer for Hot Tub Time Machine during his American Film Market wanderings. A red-band version has sitting on YouTube for several weeks — presumably Weintraub saw a new one. In any event he posted the following last night:

“If you haven’t heard of Hot Tub Time Machine, it stars John Cusack, Rob Corddry, Craig Robinson and Clark Duke. It centers on a group of high school pals who reunite at an old ski lodge party spot they went to when they were teenagers. After a night of binge drinking, they wake up in the same spot but it’s now 1986, due to the hot tub’s magical time-travel powers.

‘You may think this premise sounds crazy, but after watching the first footage from the film I’m almost ready to say this might be The Hangover of 2010. The trailer had me laughing out loud from beginning to end and it absolutely played like a 80’s movie except it knows it’s an 80’s movie. I also thought it was great that Cusack is returning to his roots.

“While I won’t spoil the jokes, I have to tell you one: When they wake up they wonder why everyone is dressed like it’s the 1980s. They can’t figure out what’s going on and slowly they begin to sense something’s up. Somehow Robinson realizes they might be in another era. He runs up to a random woman and asks her what color is Michael Jackson. When she says black, he freaks and runs off.

“Trust me, this movie is going to be huge.”