It's been rumored since January that the upcoming sequel to Monsters Inc. would be a prequel that would see the franchise's beloved main characters, Mike and Sully, meet in college and become best friends. We can now confirm that's true.

Today at Cinema Con Disney/Pixar announced that they've officially titled the prequel Monsters University. The film will follow Mike and Sully's early days, when they hated each other, eventually telling the story of how they became friends.

While Ratatouille will likely forever hold the top spot on my "Favorite Pixar Movies" list, Monsters Inc. is a close second. The first film is ridiculously adorable and truly hysterical. November 2, 2012 cannot get here soon enough.