This year's Met Gala celebrates the late Karl Lagerfeld, one of the most decorated fashion designers of the late 20th and early 21st century. Organized by Vogue magazine's editor-in-chief, Anna Wintour, the event is an ultra-exclusive fundraising event that marks the annual opening of the Metropolitan Museum of Art Costume Institute's latest exhibition. Celebrities, designers and high-profile media executives will gather to honor Lagerfeld and celebrate his myriad contributions to the fashion industry.