The world — and a lot of bookies — are waiting with bated breath to find out what the royal baby's name will be, but the palace has already shared part of it with us!
One of the most important parts of a royal's name is his or her title, and the royal baby has already had one bestowed upon her (or him!).
A palace spokesperson confirmed the information to press, saying, "The royal couple's child will officially be known as His or Her Royal Highness Prince or Princess (insert name) of Cambridge."
The palace also confirmed that this title will be shared by any other children the couple have, much like both William and his brother Harry are known as the Princes of Wales.
Prince William and his glamorous wife, the former Kate Middleton, were bestowed the titles Duke and Duchess of Cambridge upon their marriage in 2011.
The last time a royal baby held this title was in the mid-1800s by the children of Prince Adolphus and Princess Augusta — themselves Duke and Duchess of Cambridge — Prince George, Princess Mary and Princess Augusta of Cambridge.
By contrast, when William's cousin Zara Phillips has her baby — she announced her pregnancy today — the child will hold no title at all, as neither Zara nor her husband Mike Tindall hold one.
As far as the royal baby's first and middle names go, Alexandra and George are the popular bets amongst the British-betting public, but it's possible that Will and Kate themselves have not even decided yet. The two reportedly chose not to find out the gender of their baby, and the royals tend to take their sweet time deciding on names — Prince William wasn't named for a full week after he was born, while Prince Andrew and Sara, Duchess of York, did not name their daughters for two weeks.
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