In what is said to be the costliest TV movie project ever, ABC is teaming with Barbra Streisand to adapt Jerry (“Hello, Dolly!”) Herman’s 1966 Broadway show “Mame” for the small screen, reports Variety. (Babs starred in Herman’s movie version of “Dolly!” in 1969.) She will certainly produce the special, and she may even star in it — as the free-wheeling aunt who’s philosophy is “Live! Live! Live! Life is a banquet, and most poor s.o.b.s are starving to death.” “Mame” was based on the 1956 Broadway smash and 1958 movie “Auntie Mame” starring Rosalind Russell (which, in turn, was based on a novel by Patrick Dennis). In 1966 Angela Lansbury became a Broadway star when the property was set to music. In 1974 Lucille Ball starred in an appalling movie version of the musical. Whether or not Barbra will headline in the role depends upon her opinion of the script, which has yet to be delivered, says Variety.