The Keeping Up With the Kardashians star shined like a diamond in a light blue, jewel-incrusted outfit with a beaded corset and sheer paneling.
Later, Jenner embraced a more vibrant color scheme with this bright, bold red, yellow and blue ensemble.
The 20-year-old reality star's mother, Kris Jenner, reposted an Instagram video of Jenner walking the runway in the colorful outfit, which she tagged, "#proudmama."
Meanwhile, Hadid gave every seasoned Victoria's Secret Fashion Show pro a run for their money in this emerald green butterfly bustier and sheer, green-and-black cape.
The 20-year-old model also burned up the runway in this firefighter-themed underwear set.
After the show, Hadid took to Instagram to share an cute photo of herself and Jenner in their elaborate outfits. She expressed her gratitude, captioning the sweet snapshot, "No one I would have rather shared my VS v-card with. This show is genuinely a dream come true. Can't thank you enough @victoriassecret."
Also walking the famous runway were Victoria's Secret Angels Alessandra Ambrosio, Adriana Lima, Candice Swanepoel, Behati Prinsloo and Lily Aldridge -- who had the honor of wearing the $2 million fantasy bra for the big show.
You can check out all the sexy, sultry styles when the Victoria's Secret Fashion Show airs on Dec. 8 at 10 p.m. ET/PT on CBS.