The MET Gala is one of the most exclusive events in fashion and is a chance for celebrities and icons to showcase their risk-taking fashion choices.

The Met Gala 2013 red carpet live stream will be available HERE on Monday, May 6, at 7:00 p.m and the theme of this year's event is "Punk: Chaos to Couture."

The gala benefit's co-chairs are actress Rooney Mara, co-founder of Moda Operandi, Lauren Santo Domingo; Creative Director of Givenchy, Riccardo Tisco; and Editor-in-Chief of Vogue, Anna Wintour. Beyoncé will serve as Honorary Chair.

The spring 2013 exhibition, Punk: Chaos to Couture, will be on view to the public from May 9 through Aug.14, 2013. The exhibit will examine punk's impact on high fashion from the movement's birth in the 1970s through its current influence.

The exhibit will feature approximately 100 designs for men and women. Original punk garments from the mid-1970s will be placed side-by-side with recent, directional fashion to illustrate how haute couture and ready-to-wear have been influenced by punk visual symbols throughout the years. Designers in the exhibition will include Francisco Costa (Calvin Klein), Christophe Decarnin (Balmain), Dior, Domenico Dolce and Stefano Gabbana (Dolce and Gabbana), John Galliano, Karl Lagerfeld (Chanel), Helmut Lang, Alexander McQueen, Franco Moschino and Rossella Jardini (Moschino), Miuccia Prada, Gianni Versace and Vivienne Westwood.