The Christmas feel-good favorite debuted in 2003 and grossed more than $223 million at the box office.
In a new interview, Ferrell, 54, toldThe actor said the premise for the sequel was"rehashed" and he could not have promoted the film in earnest.
The original feel-good Christmas comedy grossed more than $223 million at the box office and follows the story of Buddy the Elf traveling to New York City in search of his real father after growing up at the North Pole. It's not the first time Ferrell has talked about a sequel to his famous flick. In December 2013, he joined Andy Cohen on Bravo's"Watch What Happens Live" to set the record straight on the chances of seeing Buddy the Elf on the big screen again.
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