Just this weekend we learned from Marvel Studios head Kevin Feige that the new Spider-Man will still be Peter Parker, and the studio plans on keeping him in high school, where they feel there’s more fertile ground for storytelling. In addition, Feige has delivered some further details about the Marvel/Sony collaboration, revealing that we’re not getting yet another origin story and that they’ve already designed a new costume.

Excellent news for all of us who can’t stand the thought of having to sit through our third telling of Spidey’s origins in the new Spider-Man film: Feige told CraveOnline that they’re not interested in explaining how Peter Parker became the web-slinging hero all over again.

There is a young kid [already] running around New York City in a homemade version of the Spider-Man costume in the MCU. You just don’t know it yet… In Spider-Man’s very specific case, where there have been two retellings of that origin in the last whatever it’s been – [thirteen] years – for us we are going to take it for granted that people know that, and the specifics.

This is the absolute best way for Sony and Marvel to move forward with the character following the recent deal between the two studios. As Feige notes, we’ve seen two tellings of Spider-Man’s origin story in the past 13 years. When Marc Webb and Sony rebooted the character, explaining his origins again felt like a big waste of time. This way, the studios can get right into the action and character-building without the fuss of telling us something we already know.

Feige also revealed that they’ve already designed a new costume for the hero:

We’ve already designed the costume, which is different than any of the ones that have come before. And yet ours is classic Spidey, as I think you’ll see.

Tobey Maguire’s costume from the Raimi films already feels dated in its more sporty appearance, while Andrew Garfield’s costume from the Webb films was one problem those movies didn’t have.

Feige also discussed what he felt the Raimi and Webb films got right — “the look of Spider-Man, and the emotion of Spider-Man, and the women in his life” — but the executive reiterated his desire to keep Spidey in high school, as the comics did for many, many years, while the previous films in the franchise have yanked Peter Parker out of high school as soon as possible.

Hopefully it won’t be too long before Marvel officially casts Spider-Man and we get our first peek at this new-yet-classic costume. Spidey will reportedly make his first appearance in Captain America: Civil War on May 6, 2016 before starring in his new solo film, which hits theaters on July 28, 2017.