Back in 2005, DreamWorks acquired the remake rights to the show and were shown a script that was heavy on action. Garelick was chosen to do a rewrite and he decided to make the movie into a comedy, saying "It felt like the template to do a movie that was similar to Stripes and Police Academy, the comedies I loved growing up." The story itself will center on "two unlikely lifeguard candidates trying to catch on alongside the buff bodies that will be as abundant in the film as they were in the TV series."
I can definitely see a Baywatch movie working as a comedy. It's certainly been fodder for enough spoofs, anyway. Now it's a matter of who should be cast as a whole new generation of Baywatch babes. Who could be the next Pam Anderson and David Hasselhoff?