Depending on your affinity for unfiltered angst, this news could be exciting or horrifying. Josh Schwartz, producing wunderkind and creator of Gossip Girl and The O.C., is transitioning to theaters with an adaptation of Bright Lights, Big City, Variety announced today. Although set in the '80s, the Jay McInerney novel about a failed magazine writer who dabbles in sex, drugs, and alcohol could feel especially timely since, well, isn't everyone disillusioned now? Schwartz can look for guidance in the 1988 film starring Michael J. Fox and Kiefer Sutherland as he tries to decide in which era the film will take place.