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F. Scott Fitzgerald is becoming Hollywood’s hottest commodity. His short story, “The Curious Case of Benjamin Button,” has been turned into an award season heavyweight, and now Baz Luhrmann is set to bring Fitzgerald’s most famous work back to the screen again.

In an attempt to create flashbacks from freshman year English class, or drawing his inspiration from the season finale of “Entourage,” Luhrmann and 20th Century Fox will be bringing Nick, Daisy and Gatsby to life under the watchful eyes of Doctor T. J. Eckleberg on the big screen.

According to Nikki Finke’s Deadline Hollywood, the Australia director is focusing on finding an ingenue to fill lust-object role of Daisy.

Obviously, the book has been adapted to film several times, but this might be a great time in American history to bring it to life considering the book focuses on the decline of the American Dream caused by the decadence of the 1920s. If Baz avoids a heavy hand and steers clear of Elton John musical medlies, The Great Gatsby could be an incredibly powerful film.

What do you think? Who would make a great Gatsby? Is it long before “The Last Tycoon” hits Hollywood? Am I trying to prove I can read too much? Does it seem like I’m compensating?