Like the movies that have come before it -- which boasted a star-studded cast including George Clooney, Brad Pitt, Matt Damon and Julia Roberts -- the heist film is full of one-liners and lots of glitz and glamour.
While Clooney's Ocean's films featured a crack team of dapper men, this flick showcases an all-female group of thieves that are led by the gorgeous and witty Sandra Bullock, who portrays Danny Ocean's relative, Debbie Ocean.
In addition to Bullock, the star-studded cast is comprised of Cate Blanchett, Helena Bonham Carter, Anne Hathaway, Rihanna, Sarah Paulson, Mindy Kaling, and Awkwafina.
In the trailer, we see Debbie being released from prison and vowing to be an upstanding citizen. However, in the very next scene, she's scheming with Lou (Blanchett) about how to snag a $150 million necklace that is to be worn by Daphne Kluger (Hathaway) at New York City's annual Met Gala.
She then enlists the rest of her team, Tammy (Paulson), Rose (Bonham Carter), Nine Ball (Rihanna), Amita (Kaling) and Constance (Awkwafina) to help her pull off the heist.
In addition to the slew of guest cameos that will be featured during the Met Gala scenes, Late Late Show host James Corden also has a role in the movie, and appears to be a confidant to Bullock's character.
It's not yet known if Clooney will appear in the movie, but both the teaser and the trailer suggest that his Ocean's character might be dead. In one scene, Debbie is seen sipping a martini while sitting in front of a grave that reads "Danny Ocean, 1961-2018."
'Ocean's 8' Teaser Hints That George Clooney's Character Is Dead -- See the Clue!
Last year, Damon confirmed to ET that he has a small part in the highly anticipated movie. "The cast is phenomenal and I'm excited to see what those women do with it. It's going to be fun," the 47-year-old actor said of the film, adding that it's going to be "kick ass."
Ocean's 8 hits theaters on June 8.
In the meantime, check out ET's exclusive interview with Hathaway, who spills some details about the movie: