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Katy Perry and Pharrell will be the co-chairs of Met Gala 2017, Vogue revealed today. The theme was also announced for fashion's biggest night, which takes place at New York's Metropolitian Museum of Art. The annual fundraiser and Costume Institute exhibit will honor the legendary Comme des Garçons designer Rei Kawakubo. The Japanese native is known for challenging the conventional fashion norms throughout her decades-long career.

Vogue states the exhibit (opening May 4) will be the first monograph show to focus on a living designer since the museum's Yves Saint Laurent exhibit in 1983. Last year, Taylor Swift was given the co-chair role alongside the magazine's editor-in-chief Anna Wintour.

Both Perry and Pharrell have attended the Met Gala for years, with the "Rise" singer giving us this memorable moment that shut down the pop world in 2015:

After throwing constant subtle jabs at each other's careers, Perry, Madonna and Lady Gaga surprisingly came together in a warm embrace. Let's see how Katy Perry, who may or may not be returning with a tour soon, plans to top next year!

Below, watch a throwback from the Fuse vault where the pop star confesses her love for Queen's Freddie Mercury: