The wait is over. After keeping fans waiting for a day, One Direction has finally made their ‘big announcement’!

In a 25-second video, the five members of the group (Harry Styles, Liam Payne, Louis Tomlinson, Niall Horan and Zayn Malik) announced the name of their latest single – “Live While We’re Young”. The single will be released on Sept 30.

They also announced that their sophomore album would be released in November 2012. Cue the shrieks and screams from their fans all over the globe.

After achieving fame in the United Kingdom after finishing third place on the seventh series of The X Factor UK in 2010, One Direction has grown to be one of the most phenomenal bands in the world, winning over the hearts of millions of people not only from their native Great Britain and Ireland, but from all over the world. Their infectious debut single “What Makes You Beautiful” gained them international recognition with its catchy tune, and their debut album Up All Night definitely did not disappoint.

After wrapping up the Up All Night Tour in mid-2012, the band took a break before heading back to the recording booth to begin work on Up All Night’s successor. Two hours before the big news was announced, the band’s management announced on Facebook that they were filming the music video for “Live While We’re Young”.

Check out the twenty-five second announcement that caused millions of fan-girls and fan-boys to scream. And while you’re at that, check out Louis’ new hairdo and Liam’s new haircut!