Jennifer Aniston

Jennifer Aniston shows off her new bob haircut. Photo: WireImage / Fotonoticias

"Friends" lovers, rejoice! The most requested haircut of all time is back! Well, sort of.

Jennifer Aniston has cut her long blond locks to a bob haircut somewhat reminiscent of her signature Rachel cut, made famous during the mid-1990s.

The 42-year-old actress shocked fans when she stepped out for a photo call yesterday in Madrid to promote her new film, "Just Go With It." Aniston began the transition to the short side a few weeks ago when she lopped off a couple of inches for the movie's premiere. But she took things to another level with her new shoulder-grazing cut -- the same length as her infamous 'do all those years ago.

Worn straighter, slightly shorter in the back and a shade lighter than her 'do on "Friends," Aniston's new look seems to us an updated version of her old one. A modern Rachel, if you will.

It's no secret that the actress has long been a celebrity icon when it comes to hair. Over the past decade, we have seen her transform her highly coveted locks from sleek to wavy to light blond to a honey blond. But one thing remained: the length. At least until now.

As much as we were a fan of her longer 'do, we have to admit we may like this one more. Heck, we may even go running to the nearest salon with the chic photo in hand (somehow, we think we won't be the only ones).

What do you think? Do you prefer Aniston with longer locks or do you like her shorter look?

In related news, read why Aniston didn't like the original Rachel hairdo.

Speaking of which, check out these celebs who wore "The Rachel".