WATCH: Leo DiCaprio Is 'The Great Gatsby' in New Trailer

DiCaprio shines as F. Scott Fitzgerald's tragic hero in Moulin Rouge! director Baz Luhrmann's exciting new adaptation

Were you a fan of director Baz Lurhmann's Moulin Rouge!? Did you enjoy reading The Great Gatsby in high school? If the answer to both of those questions is a resounding yes, you're going to love the lush trailer for Luhrmann's upcoming adaptation of F. Scott Fitzgerald's master work, starring Leonardo DiCaprio as the "great" title character and -- in true Luhrmann fashion -- featuring anachronistic music from the likes of Kanye West, Jay-Z and Jack White (covering U2's "Love Is Blindness"). Watch the trailer now!

This movie marks a reunion for DiCaprio and Luhrman, who previously worked together on the colorful, energetic adaptation of William Shakespeare's Romeo + Juliet back in 1996, released the year before Titanic made Leo one of the biggest stars on the planet.

If there are two words we can consistently use to describe Luhrmann's movies, it's "colorful" and "energetic" (okay, Australia might be something of an exception). The same can be said of The Great Gatsby, which introduces us to the glitz and glam of New York City in the Roaring '20s. Some of the scenes shown in this trailer look like they could have been taken straight out of Moulin Rouge, which takes place 20 or so years earlier at the turn of the century in Paris. (Luhrmann certainly does have a type.)

Considering leading men DiCaprio and Tobey Maguire, who plays narrator Nick Carraway in the film, are best friends in real life, we've been excited to see how they'd fare as costars. They don't disappoint here -- even if the trailer doesn't really offer a sense of their chemistry. Carey Mulligan, meanwhile, looks beautiful as Daisy Buchanan, the forbidden object of Gatsby's affection, and it's clear from the get-go that the young British Oscar nominee is perfect for the role.

One of the things that doesn't come across in the trailer is the fact that the movie was shot and will be shown in 3-D. At the time that plan was announced, we were a bit surprised; after all, tragic love stories don't normally scream "perfect to be shown in three dimensions!" That said, Luhrmann has a very distinct visual style, and -- judging by the lush cinematography in the trailer -- the 3-D element certainly could make the movie pop.

The Great Gatsby also stars Joel Edgerton, Jason Clarke and Isla Fisher. It's due in theaters on Christmas Day 2012, just like Quentin Tarantino's Django Unchained, Ang Lee's Life of Pi and Judd Apatow's This Is 40. Talk about a nice holiday gift from Hollywood!

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