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March 04, 2018 at 08:23 PM EST

More than five decades after Julie Andrews won the Best Actress Oscar for her role in the original Mary Poppins, everyone’s favorite magical, umbrella-wielding nanny is back.

The first teaser footage from the upcoming Mary Poppins Returns debuted during Sunday’s Oscars ceremony, with Emily Blunt stepping into Andrews’ role as Mary. The new film — which, like the original film, is based on P.L. Travers’ beloved books — takes place 25 years after the first film, as Mary returns to 1930s London to visit an all-grown-up Jane (Emily Mortimer) and Michael Banks (Ben Whishaw).

The trailer also introduces Lin-Manuel Miranda as a London lamplighter named Jack, who, like Dick Van Dyke all those years ago, appears to have an affinity for flying kites.

Also starring are Meryl Streep as Mary’s cousin Topsy, Angela Lansbury as the Balloon Lady, and Colin Firth as a banker named William Weatherall Wilkins. (Van Dyke is also set to appear as the chairman of Fidelity Fiduciary Bank.)

“The bar is so high for this,” director Rob Marshall previously told EW. “But to be able to walk in the footsteps of this beautiful story about a woman who brings magic to this family that’s looking for wonder and hope and joy in their lives… I feel a great responsibility and reverence every day. We all feel it. We’re just lifting it up to get there with the right intentions behind it.”

Disney also shared a new poster for the film.

Disney

Mary Poppins Returns will hit theaters Christmas 2018.

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