It’s breathlessly fantastical. It’s magical, it’s wondrous, and it speaks directly to the heart. It’s The BFG (“Big Friendly Giant”) from Disney Studios, and it’s the proof we need that Disney Studios still has the magic upon which it was founded. Watch this new trailer for The BFG, starring Mark Rylance and Ruby Barnhill, and see if you don’t agree.

The BFG (Mark Rylance), while a giant himself, is a Big Friendly Giant and nothing like the other inhabitants of Giant Country. Standing 24-feet tall with enormous ears and a keen sense of smell, he is endearingly dim-witted and keeps to himself for the most part. Giants like Bloodbottler (Bill Hader) and Fleshlumpeater (Jemaine Clement) on the other hand, are twice as big and at least twice as scary and have been known to eat humans, while the BFG prefers Snozzcumber and Frobscottle. Upon her arrival in Giant Country, Sophie, a precocious 10-year-old girl from London, is initially frightened of the mysterious giant who has brought her to his cave, but soon comes to realize that the BFG is actually quite gentle and charming, and, having never met a giant before, has many questions. The BFG brings Sophie to Dream Country where he collects dreams and sends them to children, teaching her all about the magic and mystery of dreams.

The BFG is based on a book by Roald Dahl, who also wrote Charlie and the Chocolate Factory, Chitty Chitty Bang Bang, James and the Giant Peach, Fantastic Mr. Fox and a couple dozen other timeless favorites. It’s produced by Kathleen Kennedy and directed by master cinematic storyteller Steven Spielberg.

This is a taste of things to come. Savor it, for more awaits.

The BFG releases in the U.S. on July 1, 2016, so it won’t be long now!