Miley Cyrus Parties in Disco Ball Pasties with Boyfriend Patrick Schwarzenegger

Pacific Coast News

Did Studio 54 reopen and we didn't know it?

Miley Cyrus showed up at the Art Basel event in Miami, Fla. on Wednesday donning a silver wig, a thong that she covered up with see-through glitter tights and a tiny bit of fabric covering up each of her breasts -- let's call it either a tiny halter or an extension of her thong.

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A photo posted by Miley Cyrus (@mileycyrus) on

During her performance, she tore off the tiny top to reveal disco ball pasties -- and nothing else. Meanwhile, Flaming Lips frontman Wayne Coyne was also on stage with Cyrus, dressed in a silver galactic getup. She even posted an Instagram pic of her and Coyne, in which she looks to be smoking weed. 

"Usually I don't smoke weed and drink, well that's a lie ...usually I don't smoke weed and drink on show days, but I felt like it was fine in Miami," Cyrus said on stage, according to the Associated Press.

After her nearly-nude display, Cyrus was spotted holding hands with her new beau Patrick Schwarzenegger, 21, as they hit the Miami nightlife scene. This time, the 22-year-old "We Can't Stop" singer started out pairing her silver wig with a black bra and cut-off shorts that she pulled over her tights.

But as the night went on, the pasties were back out, thus once again begging the question: What does Patrick's mom, Maria Shriver, think of this relationship?

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Pacific Coast News

Prior to this scantily-clad style, Cyrus was spotted wearing another racy top during her Art Basel rehearsal. The pop star donned a t-shirt with breasts printed on it, and a headband that was hot-pink braids.

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What do you think of Cyrus' barely-there style? Play fashion critic in the comments and tweet #ETnow.

A photo posted by Miley Cyrus (@mileycyrus) on

Cyrus wasn't always donning disco-ball pasties. Check out the evolution of the artist -- who went from an apple-cheeked toddler to a world-famous twerker -- in ET's video below.