Summit is picking up "
Ricky Stanicky," a comedy spec from "Beverly Hills Chihuahua" writer Jeff Bushell with James Franco attached to play the title character.
The story, which aims to be R-rated, is described as an ensemble comedy in the vein of "The Hangover," and begins when three teens pull a prank and burn down a house in their neighborhood. They create a fake person to take the blame --
Ricky Stanicky did it! Twenty years later, we see that the three guys have been using this alibi to get out of every uncomfortable situation in life. When their wives force them to set up a meeting with Stanicky, they hire an actor (Franco).