Emily Ratajkowski peek-a-boo thong
Emily Ratajkowski is seen during the Milan Fashion Week – Womenswear Spring/Summer 2023 on September 22, 2022 in Milan, Italy. (Photo by Arnold Jerocki/GC Images)

Temperatures may be dropping as the fall season officially arrives, but in Milan, things are warming up — figuratively speaking, that is. Milan Fashion Week is underway and models, celebrities, and fashionable showgoers have been spotted in some striking looks out and about in the streets of the Italian capital. The latest look to make us do a double take is from none other than Emily Ratajkowski, sporting an early aughts trend that’s been making a slow comeback this year.

The model was wearing an intentional peek-a-boo thong rising above her Versace low-rise pants with chain motifs paired with a little black cropped long-sleeve top and black sunnies, also from the Italian heritage house. The exposed thong is a nostalgic trend dating back to the 2000s Juicy Couture/Paris Hilton fashion era.

MILAN, ITALY – SEPTEMBER 22: Emily Ratajkowski is seen during the Milan Fashion Week – Womenswear Spring/Summer 2023 on September 22, 2022 in Milan, Italy. (Photo by Arnold Jerocki/GC Images)

The polarizing high-rise-thong, low-rise-jeans trend is undoubtedly making its second (err..third?) wave back into the fashion scene, and Ratajkowski isn’t the only one endorsing it. Over the summer Bella Hadid stepped out in the streets of New York in a peek-a-boo thong paired with leather pants. Meanwhile, earlier this year, 2022 breakout style star Julia Fox wore the exposed risqué trend while out on a date with ex-beau Kanye West.

It was rumored that the model was heading to a fitting at Versace — which seems to check out seeing as she walked the label’s runway in past seasons and starred in its campaigns. (Plus, she was wearing the brand’s iconic chain-printed pants.) The model has been having a busy Fashion Month. She just walked the runways at Nensi Dojaka and J.W. Anderson in London, and kicked it all off in New York at Tory Burch.

Read GRAZIA USA’s Fall issue featuring cover star Nicola Peltz Beckham: