For those who may have been out of town last week, it’s time to catch up on the first episode of Italian Spiderman, a wacky new series that spoofs Italian action films from the ’60s and ’70s (while pretending to be a forty-year-old print salvaged from the Atlantic Ocean). It premiered online last Thursday, but it’s more interesting today, since the Internet was all abuzz yesterday with the rumor (started by Latino Review) that Sony’s looking at both Patrick Fugit or Michael Angaro to replace Tobey Maguire in Spider-Man 4 and 5.

But I say, why go for either of the kids from Almost Famous (Fugit and Angaro both portray the young Cameron Crowe character at different ages), when there’s Italian Spiderman? In fact, why bother making more Hollywood Spider-Man movies, when there’s Italian Spiderman?

After watching the above episode, be sure to check out the trailer for the series and head over to the film’s MySpace page to hear the theme song and other groovy songs from the Italian Spiderman soundtrack.