The world's sexiest lingerie fashion show is back!

The most outrageous, over-the-top intimates on some of the most gorgeous women ever to have walked the ramp!

Lingerie giant Victoria's Secret held their annual fashion show in New York last night.

Popstar Katy Perry and rapper Akon performed live as supermodels like Adriana Lima, Alessandra Ambrosio and Candice Swanepoel sizzled in intimates on the runway. And don't miss the new $2 million Bombshell bra!

Here's a look at some of the action.

First up we have Candice in a seductive white and gold set, teamed with Victoria's Secret trademark Angel wings.

Next we have model Lily Donaldson in a shimmering see-through negligee that trails the floor -- and she has both Cupid's feathers and arrows!

Shannan Click channels a kitschy but cute vibe in bright rainbow leggings and shimmering tee, complete with umbrella and boots.

Following in flower child footsteps is Behati Prinsloo, with giant butterfly wings.

Things move from playful to seductive with Karolina Kurkova in this leopard-print two-piece.

Katy Perry belted out all her hit songs as the models strutted their stuff. And she looked as hot as any of them in her purple bodysuit!

Showing off her enviable curves in bra and briefs connected by a single fluttering piece of silk we have Isabeli Fontana.

Alessandra Ambrosio gets the audience going in a leopard-print cut-away, complete with thigh-high boots and gigantic wings.

You may not be able to sit down in this one, but you have to appreciate the creativity behind Julia Stegner's vintage-inspired number!

One of Victoria's Secret's best known Angels Adriana Lima steps out in the showstopping Bombshell Fantasy bra.

Designed by Damiani Jewellers, the one-of-a-kind bra is adorned with 3,000 white diamonds, light blue sapphires, and oval-shaped topazes with a total of 142 carats -- and a price tag of $2 million!

The sultry Chanel Iman takes our breath away in a silver-and-white ensemble, complete with ribbons and cutwork metal frame.

Rosie Huntington pouts for the cameras in a pale, ruffled, checkered robe that falls open to reveal a matching set of intimates underneath.

Shimmering in sequins and feathers, Flavia de Oliveira is a vision in blue.

Dripping crystals, Izabel Goulart strikes a pose in a thong and push-up.

Katsia Damankova looks stunning in deep blue as she throws off her cape to reveal sexy inners.

Model Magdalena Frackowiak looks reveals her ruffled knickers, worn under a corset that ends in a stiff pancake skirt.

With a big smile, Anne Vyalitsyna takes to the ramp in a dotted set complete with train and mesh wings.

Juxtaposing checkered intimates with netted pink ruffles we have Constance Jablonski.

Maryna Linchuk toughens things up in her denim corset, thigh-highs and briefs.

You can't tell where those glossy locks end and the straw and feathers begin on Lindsay Ellingson's corset!

Alessandra makes another entrance in pink, complete with a shrug sporting ruffled bell sleeves.

This number of Candice's seems inspired by a French maid uniform, although it's in red and white.

Shannan Click dons an ice hockey-inspired little outfit that has everyone sit up and take notice.

In a one-piece cut down to the navel, Karolina is the raciest racer we've seen!

Izabel sports a plunging bodysuit and bra with ribbons galore sprouting out of the back.

Black lace is about as sexy as lingerie can get and that's just what Candice proves in her high-collared ensemble.

It's all about love with Magdalena Frackowiak's heart corset and wings.

We get an eyeful of Alessandra's fab figure in a waist-cinching floral corset and diamante-studded thong.

Adriana looks like something out of a Spanish dream with red rosettes and black lace adorning her two-piece.

And finally, the models line up on a colourful blur as Perry (wearing another outfit that looks like it could well be straight off the VS runway) and rapper Akon take a bow.

Wonder what next year's show will offer!