Fashion enthusiasts are preparing for the 2023 Met Gala, which will take place on May 1st at the Metropolitan Museum of Art in New York City. The annual event, which serves as a benefit for the museum's Costume Institute, will be livestreamed by Vogue and E! News for global audiences. The gala's dress code will honor fashion icon Karl Lagerfeld, and attendees are expected to wear Lagerfeld-related attire.

While the exclusive guest list is mostly kept under wraps, big names are expected to grace the red carpet donned in glamorous attire. In 2021, the event raised an impressive $17.4 million, making it one of the biggest art and fashion fundraising events in the world.

The Met Gala began in 1948 as a "midnight supper" and has since grown into a globally-recognized event, attracting fashion figures, celebrities, and influencers from around the world. This year's event honors the late Karl Lagerfeld, who worked as creative director for fashion powerhouses such as Chanel, Fendi, and Chloe.

Overall, fashion lovers can expect an exciting evening filled with glamorous attire, performances, and previews of the Costume Institute's spring exhibition.