Only yesterday, a director for the project—music video director Samuel Bayer—was announced. Now Andrew Form, who with Michael Bay makes up one-third of the Elm Street producing team, has gone to online celebrity-bikini-photo-repository JustJared with the exclusive:

"We were lucky to receive a call from Jason Weinberg, Lindsay's manager. He called us to tell us that Lindsay was very interested in the film and wanted to be a part of it. We called Jason back after Wesley Strick finished the script and asked if Lindsay wanted to look at the first draft. She looked it over and loved it. She thought this was the perfect vehicle for her. Michael, Bradley and I couldn't imagine having a better actress for the part and without an audition we cast her," Andrew adds.

Based on what we saw of Lohan's last contribution to the horror genre, I Know Who Killed Me, we're wondering what faults in the Elm Street script might have been so egregious as to prevent her involvement entirely. Casting her as the mother? Or Freddie's new love interest, Freida Krueger? We can't really conjure up a scenario in which she would have said no.

Now, onto Phase 2 of the Elm Street casting campaign, in which Bay publishes an angry blog post saying Form "should have never opened his big mouth, and there's no way in hell I'm working with that dehydrated mess. I mean come on. Megan Fox is so much hotter, and I know for a fact she's available. I've embedded her screen test. Check it out! Is that hot or what?"

UPDATE — 2:49 p.m.: Following a well-placed refutation from Form's producing partner Brad Fuller, JustJared has amended its story to say Lohan will not in fact star in Nightmare.

• Lindsay Lohan Joins ‘A Nightmare On Elm Street' [JustJared]

Nevertheless, his overall support reminds us what a fertile period it is for the villain in American cinema — and how '80s/'90s-era schlock could stand to benefit from an A-list talent injection. We consulted our own casting department for five ideal remakes, and the stars who might push them over the top:

Leprechaun, featuring Tom Cruise as Leprechaun. Both a post-Tropic Thunder capitalization for the resurgent star and a perfect UA palate cleanser after the ordeal of Valkyrie.

Child's Play, featuring Clay Aiken as Chucky. A natural crossover for the Man Who Wouldn't Be Idol. A savvy agent could package this with Aiken's new son as the male lead and Kelly Clarkson as the mother who squares off Aiken's homicidal doll in a fight to the death. The producers couldn't likely tell him about the "homicidal doll" part until after the shoot, but whatever; it's not like he needs a script or anything.

Friday the 13th, featuring Corey Feldman as Jason Voorhees. Feldman broke through in 1984 as young Jason-slayer Tommy Jarvis, but with the franchise having exhausted Tommy's psychosis and The Two Coreys essentially confirming Feldman's own, this match makes itself. Scrap the remake in the works, Paramount — or at least order some reshoots.

Candyman, featuring Eddie Murphy as Candyman. In a PG-rated romp directed by Brian Robbins, Murphy's fat-suited Candyman really does do a number on the sweets shops in town, trailed by swarms of plump CGI bumblebees and playing kiddie snicker-snack with his candy-cane hook.

Halloween, featuring Mike Myers as Michael Myers. Tagline: "Still stroppy."

• Billy Bob On Elm Street [JoBlo]