Obviously it'll never be a movie, but it would make an awesome one:
Five people killed during the Samnite Wars are resurrected, the first to regain his memory dons a red and white suit and hat and begins to hunt down criminals to repent his sins. Soon after the other four do so and recognize him and find that they are either with him, or against him. The UK government takes notice of this vigilante and an M16 agent becomes obsessed with finding him. As magic begins to envelop the world, new dimensions begin to be created, wizards return, creatures of myth are created, elements cause forces of nature to clash, the world to slowly start collapsing on itself as time begins to rewind to an unknown stop point and space begins to fold into a crumpled. Only one answer can answer all the questions, the question and the search behind it: "Where's Waldo?"
BOOM BITCH! DID YOU SEE THAT COMING! THAT WOULD MAKE A SICK MOVIE!
Of course Spielberg would have to direct it.
Burton and Jackson would have to produce it.
Guiellmo Del Toro would have to be an executive producer.
J.J Abrams would have to script it.
Jamie Bell - Waldo
Update it later.