Elvis could get a second chance at life, Bat Boy may yet outwit government scientists and politicians’ chances of adopting alien babies just improved. That is because the offbeat tabloid Weekly World News, which stopped printing last year, has been sold and the new owner has revived it online and might start printing it again.

“I had always been a fan in college,” said Neil McGinness, whose new company, Bat Boy, announced this month that it had bought the publication from American Media. “And I grew up in Cleveland at a time when Dennis Kucinich was the mayor, so I believed that UFO’s and many other things were possible.”

McGinness ran the entertainment and comedy division at IMG Media, was an executive at National Lampoon and handled marketing at Broadway Video, founded by Lorne Michaels, the producer of “Saturday Night Live.”

McGinness plans to sell advertising online, license characters featured in The News – he is talking to toy companies – and develop movie deals based on the publication’s content.

“Our view is the dominance of special-effects movies at the box office, and the popularity of ‘Heroes’ and ‘Lost’ on prime-time television, shows that the fringe culture is more relevant than ever,” McGinness said. “And The Weekly World News embraces that fringe culture.”

Fringe culture rocks. Well, some of it. And what better occasion to revive something that smacks of wackiness and counter-culture than the probable next-gen Camelot on the Potomac?