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"That '80s Show"?

At this rate, they're going to have to rename it That '80s Show.

The Fox network announced Tuesday that it has renewed its hit nostalgia trip That '70s Show through the 2002-03 TV season, keeping the popular sitcom's disco ball spinning into a fifth season.

"We are thrilled with the success of That '70s Show and truly appreciate the enormous support that [Fox Entertainment President] Gail Berman, Sandy Grushow and Fox are giving the show," says Tom Erner, who coproduces the show with SNL comedy vets Bonnie and Terry Turner.

Now in its third season, That '70s Show stars Topher Grace, Ashton Kutcher, Laura Prepon, Danny Masterson, Mila Kunis and Wilmer Valderrama as a group of Wisconsin teens growing up in the era of Led Zeppelin, eight-tracks, Wonder Woman, polyester and a cola named Tab.

When it debuted on Fox in the fall of 1998, the sitcom gained a cult following with both young and older adults, thanks mostly to its Sunday night lead in, The Simpsons. But the show came of age big time this season, consistently winning its Tuesday, 8 p.m. (ET/PT) time slot, as well as dominating the crucial adults 18-49 demographic so coveted by networks dependent on advertising revenue.

Translation: Faster than you can say Bruce Jenner, the show is going on an extended prime-time run. In fact, it's so popular that Fox has begun airing reruns of That '70s Show on Wednesday nights.

The sitcom has developed into one of the few bright spots on a lackluster Fox roster and its stars are starting to hit it big in Hollywood. Led by Grace (Traffic) and Kutcher (Dude, Where's My Car?), all the young cast members made movies during their last hiatus.

The show's brainstrust says much of the success is because the sitcom attracts both nostalgic baby boomers hankering for Me Decade memories and younger audiences with a taste for raunchy humor, a wink-wink attitude (remember the magic browines?) and thinly veiled digs at contemporary culture.

That '70s Show has also managed to land guest appearances such '70s stars as Paul Anka, Gloria Gaynor, Lyle Waggoner and a several ex-Bond girls, including Maud Adams, Kristina Wayborn and Barbara Carrera. The show has also developed some signature sight gags, such as the 360-degree camera pan and (in)famous dream sequences.

If that wasn't enough, the sitcom has also spawned two CD compilations, That '70s Show presents That '70s Album (Rockin') and That '70s Show Presents That '70s Album (Jammin').

In other words, all is groovy.

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