Will Michael Bay’s version of “Pulp Fiction” feature two leads as rugged as Vincent Vega and Jules Winnfield? (Miramax Films)

Michael Bay, the anything-he-touches-is-gold director of big-budget, rapid-edit, demolition derby films like Transformers, Bad Boys, and Armageddon, wants to make a “little” crime movie.

And he wants it to be his own version of Quentin Tarantino’s “Pulp Fiction.”

The movie is to be based on a 1998 Miami New Times article called “Pain and Gain” which explored the the extortions and abductions of body building criminals in Florida.

The tag­line of that news article reads: “They were local bodybuilders with a penchant for steroids, strippers, and quick cash. And they became expert in the use of a peculiar motivational tool: Torture”

It does sound a bit like “Pulp Fiction,” at least in terms of the whole aestheticization of violence thing.

Movie blog Cinemablend snidely commented on the news: “Like “Pulp Fiction” on steroids? Come on, you know that description will work its way into Bay’s pitch eventually.”

Bay wants it to be a dark comedy with a budget of just $20 million, his smallest budget to date.

And no, the film will not be shot in 3-D.

In an excerpt from “Pain and Gain” below, we have to admit it’s got the vibe of the chapter “The Gold Watch” in “Pulp Fiction,” in which the character Butch and Marsellus are captured at gunpoint and tied up, and Marsellus is sodomized. But we’re still skeptical Bay can pull off Tarantino-like “little” film.

So forget the measly $200,000 Schiller has "stolen" from Delgado. They were going after everything Schiller owned: his $300,000 house and all its furnishings; the million dollars he'd invested offshore; more than $100,000 in his personal bank account; his cars; his investment in La Gorce Palace, a luxury condominium being built on Miami Beach; his Schlotzsky's Deli franchise near Miami International Airport; even his credit cards. The Sun Gym gang hurried over to The Spy Shop on Biscayne Boulevard, owned by John Demeter, a born-again Christian. Beneath large banners reading "Jesus Saves" and "God Is Love," they examined merchandise designed to shock, incapacitate, imprison, and eavesdrop on their fellow man. Pretending to be a security crew for a rock band, the gang bought shock-inducing taser guns, stainless-steel handcuffs, and small Motorola walkie-talkies featuring privacy-enhancing point-to-point communication settings, just like the cops use.

Read the full Pain and Gain story here.