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Olivia Newton-John and John Travolta to Reunite for a New Christmas Album logo

Nearly 35 years after summer lovin' had them a blast, former Grease co-stars John Travolta and Olivia Newton-John are reuniting for an album of holiday tunes titled This Christmas, set to hit the stands on November 13.

"I wanted people to be able to play it around the house or in the car during the holidays, and make us part of your celebration," Travolta said in a statement.

If this CD sounds almost too good to be true, wait until you see the guest artist list: Barbra Streisand, Tony Bennett, Chick Corea, Kenny G, Cliff Richard, and James Taylor.

Not only that, This Christmas, which includes classics like "Baby It's Cold Outside," "Have Yourself a Merry Little Christmas," and "Rockin' Around the Christmas Tree," also features a brand new song, "I Think You Might Like It," written by John Farrar, who wrote Travolta and Newton-John's hit single "You're The One That I Want."

Proceeds from the album will go to two noble organizations, the Jett Travolta Foundation, named for Mr. Travolta's late son, and the Olivia Newton-John Cancer and Wellness Centre in Melbourne, Australia.