diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 7807a17..ffcdb0b 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,3 +1,11 @@
+Version 0.8.8-a1 (2013-08-19)
+===========================================================
+
+*   Bugfix: Fix smartypants to 1.7.x to avoid the breaking
+    changes in 1.8.  (Issue #229)
+*   Bugfix: Upgrade Jinja to 2.7.1 - this fixes
+    mitsuhiko/jinja2#243.
+
 Version 0.8.7 (2013-05-30)
 ============================================================
 
diff --git a/README.rst b/README.rst
index 5671da4..78e8cb4 100644
--- a/README.rst
+++ b/README.rst
@@ -1,4 +1,4 @@
-Version 0.8.7
+Version 0.8.8-a1
 
 A brand new **hyde**
 ====================
diff --git a/hyde/version.py b/hyde/version.py
index 08524c4..57bcf0e 100644
--- a/hyde/version.py
+++ b/hyde/version.py
@@ -2,4 +2,4 @@
 """
 Handles hyde version.
 """
-__version__ = '0.8.7'
+__version__ = '0.8.8-a1'
diff --git a/requirements.txt b/requirements.txt
index 193c1eb..a00c87c 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,8 +1,9 @@
-fswrap==0.1.1
+fswrap==0.1.2
 commando==0.3.4
 PyYAML==3.10
 Markdown==2.3.1
 MarkupSafe==0.18
 Pygments==1.6
 typogrify==2.0.0
-Jinja2==2.7
+smartypants<1.8
+Jinja2==2.7.1
diff --git a/setup.py b/setup.py
index 195b1a6..b404931 100644
--- a/setup.py
+++ b/setup.py
@@ -116,14 +116,15 @@ setup(name=PROJECT,
       packages=find_packages(),
       requires=['python (>= 2.7)'],
       install_requires=(
-          'fswrap==0.1.1',
+          'fswrap==0.1.2',
           'commando==0.3.4',
           'PyYAML==3.10',
           'Markdown==2.3.1',
           'MarkupSafe==0.18',
           'Pygments==1.6',
           'typogrify==2.0.0',
-          'Jinja2==2.7'
+          'smartypants<1.8',
+          'Jinja2==2.7.1'
       ),
       tests_require=(
         'nose', 'mock'