THE MET COSTUME INSTITUTE BALL. It's Costume Institute--not Institution--but I'm ever-so-grateful for the outrageous fashions displayed at this fundraiser. Go Fug Yourself does excellent work in covering the event (Sarah MacJessica MacParker!), but I'm shocked that I had to go to Gawker for this Zac Posen souvenir.

Here's some of last year's craziness.