The Met Gala formally called the Costume Institute Gala is an annual fundraising gala for the benefit of the Metropolitan Museum of Art's Costume Institute in New York City and the one time of the year where celebrities are aloud to go all out with their fashion and not worry about being on the "worst dressed" list.

Check out some of our favorite looks:

George Pimente/Getty Images
Karwai Tang/Getty Images
Karwai Tang/Getty Images
George Pimentel/Getty Images
George Pimentel/Getty Images