The first time I heard this movie was being made I was psyched, because I did think it would be a movie version of Jack the Giant Killer, a.k.a. my favourite fairy tale. A movie about a peculiar, enthusiastic, and maybe even somewhat insane farm boy, who goes out to kill giants in rather gruesome ways. One of which being tricking a giant into disembowling himself. I'll never forget that bit. =)
I could already see somebody resembling a young Bruce Campbell in the titular role.
*sigh* At least I still have my dreams...