With seemingly everyone getting in on the Lollipop party, you can rest assured that your wrist will not be left out of the proceedings. Phandroid has gotten its hands on a leaked version of what it is calling "Android Wear 5.0," an upcoming update to Android Wear. The update reportedly bumps the base OS from Android 4.4 to Android 5.0 Lollipop and adds a few much-needed improvements.

The best sounding one is an undo function to bring back cards that you've accidentally swiped away. Right now, any accidental input can delete a card forever, and it's very frustrating. The report says that after dismissing a card, "just swipe upwards and you'll be presented with an undo option."

The fabled Watch Face API is reportedly included in the update, which will finally give developers a supported way to create custom watch faces. The custom watch face market is alive and well right now, but they all use undocumented APIs. As part of the new API, weather notifications can be displayed directly on the watch face, with the report showing little weather icons that could be displayed directly on the background.

There are tweaks to the action menu, too, which will now dynamically rearrange itself based on the most-used items. There's also two new brightness modes: "Theater Mode" and "Sunlight Mode," which will make the screen very dark or very bright, respectively.

The Android Wear companion app is due to be updated, too, which will include a phone-style battery chart, allowing users to see which apps were sucking up their battery. The same goes for storage, which will have an interface in the companion app similar to the phone version of Android.

This update comes hot on the heels of another Wear update that added local music, GPS, and Bluetooth headphone support. Phandroid says not to expect much in the way of a redesign, and that the update should be out some time in "early December."