Katy Perry stepped out at a Billboard Women In Music event last night—wearing a cherry red top and skirt from Ellie Misner with what can only be described as a thong-exposing "butt corset." ...
Add to that the fact the Vanity Fair Oscars Party meant a third red carpet happening over a 48 hour period with almost all of Hollywood in attendance, and it's no wonder we missed Katy Perry's latest ...