We all know what happened the last time someone tried this, right? A "sequel" to the doomed 1912 ship, the Titanic, was announced on Tuesday, with its designer claiming that the Titanic II will be the "most safe cruise ship in the world." That apparently translates into having "more than enough" lifeboats (whereas the original Titanic had only 16) and a hull made from steel composite. Australian mining billionaire Clive Palmer, who masterminded the project, wisely refused to call it "unsinkable," however. The new ship will take pains to recreate details from the original ship, including splitting passengers into three classes and barring them from moving between classes. Passengers will also be provided with early 20th century-style clothes and undergarments. See video from the New York launch event (which, appropriately, kicked off with a rendition of Celine Dion's "My Heart Will Go On") below.