Fyre Festival organizers will issue full refund to attendees: "We thought we were ready, but then everyone arrived."

After the flights from Miami were canceled, the performers refused to show up for fear of the horrific conditions, and the cheese and bread sandwiches were doled out, the organizers of Fyre Festival have finally spoken. On Saturday, a lengthy statement was released addressing the attendees who spent between $1,000 and $12,000 for the now-canceled music festival experience that was created by Ja Rule and being promoted by Kendall Jenner and Bella Hadid. The good news is: the rich kids are all getting their money back. The bad news is: there's going to be a Fyre Festival 2018.

"Yesterday was a very challenging day for all of us," the statement begins. "But we would like to fully explain what happened." Please do, because something hasn't gone this wrong since...okay lots of things have been going wrong lately, never mind. They continue:

Billy McFarland and Ja Rule started a partnership over a mutual interest in technology, the ocean, and rap music. This unique combination of interests led them to the idea that, through their combined passions, they could create a new type of music festival and experience on a remote island.

They simply weren’t ready for what happened next, or how big this thing would get. They started by making a website and launching a viral campaign. Ja helped book talent, and they had hundreds of local Bahamians join in the effort. Suddenly, they found themselves transforming a small island and trying to build a festival. Thousands of people wanted to come. They were excited, but then the roadblocks started popping up.