To make again.
You'll need to remake that cake, as it's completely burned.
To make a new, especially updated, version of (a film, video game, etc.).
The director wanted to remake some of his favourite films from the Golden Age of Hollywood.
A new version of something.
From re- + make.
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A new, especially updated, version of a film, video game, etc.
I haven't seen the original film, but the remake was great.