10/11/2011 02:44 pm ET Updated 4 days ago

James Cameron And Jon Landau Present 'Titanic' 3D Clips

It's been 14 years and I can still recite the lines, the shots I know by heart, the VHS tapes are still around. "Titanic" was the biggest movie of '97, and it was, it really was.

This morning at the AMC theater in Times Square, James Cameron and Jon Landau presented eight clips of the 3D re-release of "Titantic," the second highest grossing movie of all time, second, of course, to Cameron's other box office sensation, "Avatar."

While most, understandably so, might think about a "Titanic" revamp as another money-making scheme or a recognition that Hollywood is plain out of fresh ideas, but for Cameron, this is simply not the case.

The famed director, who was wearing all black -- looking very "Inside the Actors Studio" -- pointed to a similar story, "The Lion King."

The Disney classic raked in a staggering $29.3 million its opening weekend and served to prove Cameron's point: Not only is there a market for quality 3D, these are the movies people want to see.

While there's no need to deny that his films turn quite a profit that is not, however, the sole reason for the re-release. The revamp coincides with the 100 year anniversary of the real-life sinking of the ship. (So, we can't say it's not timely.)

But it's also a way for fans to relive one of the most celebrated love stories in all of cinema and for a new generation to see the movie, as Cameron intended (and almost insists), in theaters.

The updated clips were some of the most famous -- from "I'm Flying, Jack!" to her romp below decks and even those huge propellors chugging into the icy waters -- but, if it's possible, the 3D scenes felt even more compelling than the original. The new effects were seamless, breathtaking even; it looked real and felt real. (And I'm not even 10 anymore!)

Cameron, of course, is no slouch when it comes to quality. He said that each frame is painstakingly converted, with artists drawing in everything from Jack's swirling cigarette smoke to Rose's The Heart of the Ocean.

The question is, are you ready to go back to "Titanic?"