WATCH IT: The moment Vatican City erupts into cheers upon seeing white smoke

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The emergence of white smoke above the Sistine Chapel Wednesday prompted an explosion of cheers in Vatican City, making it official: The Roman Catholic Church has a new pope.

Bells rang at the Vatican shortly after 2 p.m. EST. with the backdrop of a thunderous applause from thousands of Catholics who gathered in the square awaiting an announcement.

Watch the moment above.