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Pretty outrageous in pink: Lady Gaga made a VERY grand entrance at the Met Gala in NY on Monday night.

Often, stars make headlines for the less risks they take at the Met Gala.

Tonight is the Met Gala.

For this, the 71st of the fundraising galas, "Camp: Notes on Fashion" is the theme, inspired by a seminal 1964 essay by Susan Sontag in which she describes the phenomenon as something that shan't be talked about: "To talk about Camp is therefore to betray it".

The gala will be held inside New York City's Metropolitan Museum of Art.

Read on below for the rundown on how to watch the Met Gala online, what channel the event is on TV, where it takes place, when the red carpet arrivals begin and more details below.

Unlike the typical red carpets, the Met Gala has an annual theme that coincides with a fashion-centric exhibition and A-list attendees on the hyper-strict guestlist are encouraged to dress accordingly.

However, the question still being asked by fans remains what's the point of holding the annual MET Gala if Rihanna isn't going?

Commonly referred to as the Met Gala, this year's theme will see celebrities and fashion heavyweights working with the theme of the museum's new exhibition, Camp: Notes on Fashion.

Everybody knows the first Monday in May is when NY gets taken over by hundreds of celebrities in what is referred to as "the Oscars of the East Coast" or the Costume Institute Gala. She made a bold statement that night wearing subtle makeup, minimal jewelry and finishing the look with black pumps by her go-to, Christian Louboutin.

Meanwhile, see all the fashion moments from a year ago in our gallery below.

In the past, she has given us some iconic looks at the fundraising event.

However, according to 10 Daily, the invite list being circulated is actually not the guest list, but the list of the host committee, a list of 183 people chosen by Vogue's editor-in-chief Anna Wintour.

Rihanna made a statement at the 2009 Met Costume Institute Gala ditching the usual ballgown for a fierce Dolce & Gabbana satin tuxedo.

Anna Wintour, who masterminds the gala every year, wore a light pink cape with loose ostrich feathers over a matching gown adorned in a flower sequin design.

"Met Gala here we come".