The spaghetti Western follows the titular lead Django (the "D" is silent), played by Jamie Foxx, and a bounty hunter named Schultz (Christopher Waltz) who have teamed up to seek revenge on plantation owner, Calvin Candie (DiCaprio).
Recently, Foxx described his cowboy character as a combination of "Richard Roundtree [Shaft] meets Clint Eastwood."
Tarantino's upcoming film has already had its fair share of buzz -- seven minutes of the film screened at this year's Cannes Film Festival to rave reviews.
The new trailer, which you can watch above, delivers everything we expect from a Tarantino flick: awesome soundtrack, lots of killing and clever catch phrases.
"Django Unchained" hits theaters December 25.