Gigi Hadid Goes Nearly Naked in Sheer Jumpsuit at Sports Illustrated Swimsuit Issue Party

The 20-year-old model supermodel stole the spotlight at the Sports Illustrated Swimsuit issue bash in New York City on Tuesday night, leaving little to the imagination in sheer black jumpsuit with nothing but black underwear underneath. She paired her racy look with black pumps, sleek tresses and a bronze smokey eye.

Yolanda Foster's stunning daughter is steaming up the pages of the mag for the third time.

"The reason we all love doing Sports Illustrated is because they accept us for who we are, and they hand-pick every girl," she told E! News. "The three covers represent the three types of girls that make all women feel sexy. We have an athlete [Rondy Rousey], a full-size model who I think is incredible [Ashley Graham] and Hailey [Clauson] is just beautiful and I love her. It's just a great representation of women."

Graham, who looked gorgeous in a figure-hugging black dress at the launch event, recently admitted that what you see on her cover is 100% Ashley.

"They did not retouch me," she told PEOPLE. "They did not take out things. They didn't reshape my body in any way, shape or form."

The 28-year-old body activist added that she hopes the three different covers will prompt more women to pick up the magazine. "I think what's happening is more women who probably didn't even think to pick up the issue are actually going to say, 'Wow, I'm being represented here today. I'm gong to take this, look through it and hopefully be empowered.'"

"I knew the fact that I was going to be in the pages of Sports Illustrated was going to be a huge deal, just because the fact that I'm a size 14-16 sexy lady, but to actually be on the cover, I didn't think that Sports Illustrated was going to take that risk," she revealed. "But right now what they are doing is they are setting the standard for what everybody else — magazines, designers, people in Hollywood, should be doing."