This fall, Dynasty is coming back to TV and it looks like every drop as trashy, sexy and delicious as you might expect from a reboot helmed by the minds behind The OC and Gossip Girl.

The new series from producers Josh Schwartz and Stephanie Savage isn’t a sequel or continuation of the classic 1980s cheesefest that gave the world Linda Evans, the “Moldavian Massacre” and countless catfights in a variety of different, increasingly unlikely, situations. That already happened in 1991, and got around 20 million viewers an episode. Instead, it’s a full-on do-over, with Elizabeth Gilles replacing Pamela Sue Martin (and, later, Emma Samms) as Fallon Carrington, scheming socialite who intends to take over the family business before the arrival of her father’s new fiancée, Cristal (Nathalie Kelley; the new series sadly drops the original “Krystle” spelling).

Judging by the show’s first trailer, the new show keeps the original’s focus on opulance and network TV-friendly debauchery—Fallon is having an affair with her chauffeur!—with a newly arched eyebrow and contemporary attitude about the whole thing.

“Welcome to the 1% of the 1%,” the tagline says before Fallon’s brother tells her, “I can’t believe you spent the median household income on jet fuel. When the revolution happens, it’ll be your head they come for first.”

(“I’ll be sure to get my hair done,” she replies.)

If that’s not enough to convince you of the show’s worth, don’t worry — before the four-minute long trailer is over, there’ll have been what is likely to be the first of many catfights, as Fallon and Cristal get to grips with each other, literally.

The show is one of only two new shows debuting on the CW this fall. The other, Valor, is a military drama about a U.S. Army mission gone wrong. Judging by the trailer, that might be because Dynasty is going to offer the same entertainment value as an entire TV network by itself.

Watch the trailer below.