Before you get too excited, sadly the boards won't actually hover, but fans will still be able to get their hands on the next best thing.
The pink boards are said to be "movie accurate" and will "glide on most surfaces". It even has a hole missing from where Marty McFly (Michael J Fox) ripped off the girly handlebars.
The limited edition item will be available for pre-order from March 1-20, and will be shipped in time for the holiday season later this year. A price has yet to be confirmed for the boards.
"Back to the Future Hover Board: Finally! This totally awesome 1:1 replica of the hover board from the BTTF 2 and BTTF 3 films includes multiple whooshing sounds and will glide over most surfaces (does not actually 'hover' - check back in 2015 for that feature)," said Mattel.
"Because this is such a high-cost item, there will be a minimum number of orders required to go into production. If we don't receive the minimum orders, we won't go into production and customers will not be charged. The price will be announced later this month."
So, while this is extremely exciting for any Back to the Future fans, just remember one thing, as wisely once said by Griff's cronies: "Those boards don't work on water!! Unless you've got power!!"
Last year, 1,500 of the Back to the Future Part II Nike trainers worn by Marty were auctioned on eBay to raise money for the Michael J Fox Foundation.
Watch the hover board chase scene from Back to the Future Part II below: