There have been times over the years in which Jon Favreau has expressed a willingness to come back for Elf 2. Will Ferrell has always been very direct about his unwillingness to return. I’m fine with never getting a sequel, but I do think it’s important to point out that the film, apart from just being awesome, is incredibly important to both of their careers. The comedy both cemented Will Ferrell as a leading man, as he was often a supporting player prior, and it showed studios Jon Favreau’s potential as a director. So, even if the experience apparently wasn’t the best at the time, I’d like to hope all involved think it was all worth it.