Pixar’s longest-running franchise is back — and the first “Toy Story 5” trailer just hit our childhood right in the midlife crisis … ’cause Woody’s rocking a full-on bald spot!

Yep, Tom Hanks’ iconic cowboy is officially showing his age thanks to some unexpected scalp real estate — and it all ties straight into the plot, as flashy tech starts stealing kids’ attention and leaving all the old-school toys in the dust.

The chaos kicks off with Bonnie glued to her new Lilypad smart table — forcing Jessie, Forky, Slinky Dog, Hamm, Trixie, an army of Buzz Lightyears & co to drag Woody out of retirement after he rode off into the sunset with Bo Peep.