Great Scott!  Exciting news for fans of the 1989 cult classic Back to theFuture II.  Last night Michael J. Fox announced on "David Letterman" that his foundation in collaboration with Ebay and Nike will auction off the limited addition Nike MAG sneaker for charity. 

Nike MAG, flickr (CyberHades)

The viral video 'McFly's Closet' has become a success with over 1.1 million views in the past few days.  Rumors of prototypes have been in play among the interwebs for years speculating if the shoes would become a reality.   Thursday night's announcement confirms two decades of speculation gearing up toward the year 2015, the year of the future used in the popular film. 

Fans need to act fast if they want to own a piece of replica movie memorabilia.  A limited 1500 unit run will be released on Ebay.  The first pair was sold at a Los Angeles auction for an impressive $37,500.  All net proceeds will go directly to the Michael J. Fox Foundation parkinson's research.  

The shoes have an uncanny likeness to the movie prototype with built in tri-color LED lights working of a 4 hour rechargeable pack.  Sadly, fans will have to wait for the power lace option until 2015.   

MichaelJFox.org posted, "For 10 days, 150 pairs of 2011 Nike MAG shoes will be listed on eBay. The first of the auctions begins September 8 at 11:30 p.m. EDT. All net proceeds from the auction sales of the 2011 Nike MAG shoes will go directly to The Michael J. Fox Foundation for Parkinson’s Research."