Michelle Stafford will make her last appearance on The Young & The Restless this week as character Phyllis Newman and will debut The Stafford Project next week.

Created by Stafford, Paige Dorian and Paige Long, the web series will air on YouTube beginning Aug. 5.

On July 28, the 47-year-old soap opera star took to Twitter to answer questions from her 8,000-plus followers. When asked how many episodes are planned, she replied, "8 so far!! Hopefully in the long run 88!!"

The mother-of-one also noted what the "funny" series is about: "A comedy web series about an actress named Michelle stafford who tries 2 juggle everything as it continuously blows up in her face."

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Even though Stafford plays herself in the series, she said "it's sorta a made up version of myself." She added that the series is based on true events and will feature romantic relationships.

"Just so you all know. #thestaffordproject is a satire comedy. It's NOT a reality show show. It's NOT a soap opera," she stated.

The Stafford Project will be available in all countries and will feature many surprise guests. Pictures posted on the social media page showed Stafford "with the great" Eric Matheny. No other guests have been revealed.

Stafford has also been quoting lines from the series on Twitter. One quote says, "Don't call me sweet cheeks, what? Is this 1974?" and another says, "The only action you've been getting is from doctors while you were trying to get pregnant."

Stafford's Y&R character Phyllis is currently in the hospital after sustaining a brain injury. It has not been reported yet whether or not her character will die or be recast. After being part of the show for 16 years, Stafford decided to leave when she realized life is too short (her sister is battling cancer) and she wants to do other things.

"No one tried to make me stay, but in their defense, I was pretty definite about going. And I did it so there wouldn't be any drama, so that they knew I wasn't going to play a negotiation game," she said in a recent interview with Soap Opera Digest. "I really care for everyone at the show. I established long-lasting relationships with them. And I wanted it to be all above-board. So I think they knew I was serious."

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Michelle Stafford