Will Ferrell is an actor well-known for his roles in comedy films. In fact, he is considered to be a member of "The Frat Pack." It is a nickname given to a group of actors who starred in many of the highest-grossing comedy movies since the mid-1990s. But Will Ferrell continued his success into the 2000s: the movie Elf (2003) is one the best Christmas movies to a lot of people and it received great reviews. The movie grossed $220 million worldwide and the creators were eager to make a second part.

However, there was no follow-up because Will Ferrell didn't agree to continue portraying Buddy. That means he walked away from $29 million. What's more, he doesn't regret it at all. The actor didn't want to taint the first movie in case the second one wouldn't be as great. Also, he couldn't bear the idea of people thinking he did it just for money.