M. Night Shyamalan, director of the always talked-about "The Sixth Sense," "Unbreakable," "Signs," and "The Village," has a new flick being prepared for release next summer. It's a 'bedtime story' called "Lady in the Water," and you can check out the all-new trailer right here.

"In "Lady in the Water," a story originally conceived by Shyamalan for his children, a modest building manager named Cleveland Heep (Paul Giamatti) rescues a mysterious young woman (Bryce Dallas Howard) from danger and discovers she is actually a narf, a character from a bedtime story who is trying to make the treacherous journey from our world back to hers. Cleveland and his fellow tenants start to realize that they are also characters in this bedtime story. As Cleveland falls deeper and deeper in love with the woman, he works together with the tenants to protect his new fragile friend from the deadly creatures that reside in this fable and are determined to prevent her from returning home.

Freddy Rodriguez, Jeffrey Wright, Bob Balaban, Sarita Choudhury, Mary Beth Hurt, Cindy Cheung and Joe Reitman co-star.

WB's "Lady in the Water" floats into theaters on July 21st.

(Thanks to ComingSoon.net for the press notes.)