Comedian Mike Myers has shot down fans' hopes for a third Wayne's World movie - just two weeks after reuniting with co-star Dana Carvey for the 2008 MTV Movie Awards.

The funny duo teamed up once more as characters Wayne and Garth for a hilarious skit at the awards show earlier this month, but Myers insists the reunion was just for old time's sake. He says, "It's a wonderful idea and I loved doing these characters, but no."

Myers insists the awards show skit just allowed fans to get "caught up" in the nostalgia of the two hit Wayne's World films and he has no plans to follow it up with a Wayne's World 3.

The original Wayne's World was released in 1992, and the sequel - Wayne's World 2 - hit cinemas in 1993.

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(This news article provided by World Entertainment News Network)