By Isabella Biedenharn
Updated March 31, 2015 at 05:12 PM EDT
Credit: Glen Wilson

This is not your average bank robbery movie.

Masterminds tells the true story of the largest cash heist on American soil, which took place in Charlotte, North Carolina in 1997. But from the looks of Zach Galifianakis and Kristen Wiig’s less-than-competent thieves, this $17 million mission probably won’t exactly go smoothly. Get excited: The film also stars Owen Wilson, hitman Jason Sudekis, and the best ’90s wardrobe since Full House. It’s slated for release August 7.

Get your first look at the film’s goofy, nostalgia-laced teaser trailer below.