diff --git a/print/py-preppy/Makefile b/print/py-preppy/Makefile
index 99daed88e318..3897431111ac 100644
--- a/print/py-preppy/Makefile
+++ b/print/py-preppy/Makefile
@@ -1,20 +1,22 @@
 PORTNAME=	preppy
-PORTVERSION=	2.4.1
-PORTREVISION=	1
+PORTVERSION=	5.1.0
 CATEGORIES=	print python
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
-MAINTAINER=	ports@FreeBSD.org
-COMMENT=	ReportLab's templating system
-WWW=		http://preppy.readthedocs.org/en/latest/
+MAINTAINER=	sunpoet@FreeBSD.org
+COMMENT=	Preprocessor for Python
+WWW=		https://hg.reportlab.com/hg-public/preppy
 
 LICENSE=	BSD3CLAUSE
 LICENSE_FILE=	${WRKSRC}/LICENSE.txt
 
+BUILD_DEPENDS=	${PYTHON_PKGNAMEPREFIX}setuptools>=61:devel/py-setuptools@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}wheel>=0:devel/py-wheel@${PY_FLAVOR}
+
 USES=		python
-USE_PYTHON=	autoplist concurrent distutils
+USE_PYTHON=	autoplist concurrent pep517
 
 NO_ARCH=	yes
 
 .include <bsd.port.mk>
diff --git a/print/py-preppy/distinfo b/print/py-preppy/distinfo
index 7f84362db965..7bed60ff48a3 100644
--- a/print/py-preppy/distinfo
+++ b/print/py-preppy/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1607539987
-SHA256 (preppy-2.4.1.tar.gz) = aafa855d317260740332b8b8f88edc1424c21db27e096588b4b89cc299ed7fff
-SIZE (preppy-2.4.1.tar.gz) = 181100
+TIMESTAMP = 1773966922
+SHA256 (preppy-5.1.0.tar.gz) = 74343828eec16da0b02de3caf44075acf08de507bc7d3c630576a9792d8b7f95
+SIZE (preppy-5.1.0.tar.gz) = 58129
diff --git a/print/py-preppy/pkg-descr b/print/py-preppy/pkg-descr
index ac67bb0ae5a3..473730d42fb6 100644
--- a/print/py-preppy/pkg-descr
+++ b/print/py-preppy/pkg-descr
@@ -1,20 +1,21 @@
-Preppy is ReportLab's templating system.  It was developed in late 2000 and has
-been in continual production use since then.  It is open source (BSD-license).
+Preppy is ReportLab's templating system. It has been in continuous production
+use since 2000.
 
-The key features are:
+It was released as open source code but never evangelized. We are putting it out
+on PyPI now because many of our solutions depend on it, and this makes it a lot
+easier to install (e.g. with a pip requirements file).
 
-- *small*.  Preppy is a single Python module.  If you want a templating system
-  'in the box', it's easy to include it in your project
-- *easy to learn*.  It takes about one minute to scan all the features
-- *just Python*.  We have not invented another language, and if you want to do
-  something - includes, quoting, filters - you just use Python
-- *compiled to bytecode*: a .prep file gets compiled to a Python function in
-  a .pyc file
-- *easy to debug*: preppy generates proper Python exceptions, with the correct
-  line numbers for the .prep file.  You can follow tracebacks from Python
-  script to Preppy template and back, through multiple includes
-- *easy to type and read*.  We've been using ``{{this}}`` syntax since well
-  before Django was thought of
-- *8-bit safe*:  it makes no assumption that you are generating markup and does
-  nothing unexpected with whitespace; you could use it to generate images or
-  binary files if you wanted to.
+Preppy is a single Python module which should be placed directly on the path
+(i.e. you access it with 'import preppy'). The setup script does this, but it's
+just as effective to grab it from the repo and drop it into your project.
+
+Preppy aims to be absolutely minimal. You embed Python expressions and control
+structures in your template. It compiles the template into a .pyc file. A preppy
+template is exactly equivalent to a Python function which accepts parameters and
+returns text output. We don't both with include functions, block nesting,
+filters or any other fancy stuff, because we already have a perfectly good
+language to do that in.
+
+Preppy is just Python, so you get proper Python tracebacks, with the original
+line number in the .prep file; you can happily debug through calls to python,
+preppy, python and more preppy.