"I would give anything to tell you right this second the plot of this movie because I'm so excited about it and it's so phenomenal and you would laugh your asses off if I told you," Reubens teased. "But I can't tell. I begged Judd Apatow to let me announce it here and I don't know why, but he doesn't want to do that yet."
Still, Reubens did talk about the difficulty of taking on the role three decades since he first showed it to audiences and how that's informing the secrecy around the project.
"That's another big difference between doing Pee Wee Herman in 1976 and doing a film in 2011," he explained. "The internet has changed everything, you can't do anything in secret. You can't do anything without knowing. It's great in lots of ways, and not so good in other ways, and I guess that's why he doesn't want to announce what the movie is because he doesn't want it everywhere yet."
And with Reubens now just shy of sixty years old, the actor reveals he's vain and concerned about his age and how Pee Wee will look in the film.
"I'm also waiting to hear what the budget of that movie is and how much of that budget we can use for CGI," Reubens said. "Because I was told many years ago that when they cut to the leading ladies' close-ups, in most medium to large budget movies these days that they're digitally retouching all the close-ups."
"I didn't know that, but I do now" he said with a sly grin. "And there's a good chance that when you see me in the new Pee Wee movie, I'm going to look younger than I did in 1976 [pauses for audience laughter]. You think I'm joking."
So while we wait for the further big screen adventures of Pee Wee Herman, the character did smashingly well on Broadway in a recent run. And on March 19th, you can tune in to HBO for "The Pee-Wee Herman Show on Broadway" in case you weren't able to see it in person. --reporting by RP