Eccentric Lady GaGa wore an extravagant creation by Thierry Mugler, monster heels and a ridiculous turquoise wig to accept the Fashion Icon Award at the 2011 Council Of Fashion Designers of America (CFDA) Awards in New York City on Monday (June 6)- more pictures below.

Lady GaGa Gives Birth To “Born This Way” On SNL (VIDEO)

The 25 year-old “Born This Way” singer had a major wardrobe malfunction as she arrived at Alice Tully Hall in The Lincoln Center. GaGa’s super tight and minimal corset was not able to restrain her boobs, and the nipples gloriously escaped to greet the audience.

VIDEO: Lady GaGa Performs “Judas” On Ellen

GaGa got really emotional during the acceptance speech for Fashion Icon of the year. She said, “All of you made me feel like a star before I was. As much as this award means to me personally … I just want you to know how much this means to young Americans.”

Lady GaGa Says NO To Plastic Surgery On Harper’s Bazaar (May 2011) – PHOTOS

Please, do tell. What does GaGa winning the trophy means to young Americans? Anyhow, GaGa recalled how Anna Wintour informed her in a text message she would be honored with the Fashion Icon title, and she thought it was one of her friends, replying, “Yes, b*tch, we did it!”

Lady GaGa Falls Off Her Piano On Stage (VIDEO)

And that’s how awesome Lady GaGa is!

Lady GaGa At 2011 CFDA Awards Pictures

[images: Andres Otero/wenn.com]