Kanye West Is 'Satisfied' with Kim Kardashian's Nip Slip at Extravagant Christmas Party

Kim Kardashian wasn't joking when she said her Christmas party this year was "lit."

Dressed as Santa Claus for the annual celebration, Spaghetti Boys founder Kerwin Frost takes viewers on a 25-minute tour of the over-the-top soiree in a just-released video from inside the bash. And it doesn't disappoint.

While it's packed with celebrities and more than a few can't-miss moments, the highlight is definitely Kanye West admiring his wife's wardrobe malfunction midway through the evening. After popping out of her dress while sledding with Paris Hilton, West made sure to see whether his wife was camera-ready when Frost came to ask her a few questions.

"I know, I know, I know," she said after West checked under her coat to see if she had fixed herself. "I just gotta adjust myself. We were on the hill and it all came out, you know."

"She had a nip slip at the Christmas party," West exclaimed. "I was waiting for the nip slip and now I'm satisfied." It all goes down around the 21:25 mark above.

The many stars appearing in the video include John Legend and daughter Luna, Kendall Jenner, Kylie Jenner and daughter Stormi, Chris Brown, Kourtney Kardashian, Caitlyn Jenner, Dave Chappelle, Kris Jenner, Kourtney Kardashian, Alex Rodriguez ... the list goes on.

"I'm grateful for my friends, for my family. I know it's corny, but I mean that a lot," Kendall said to Frost. "I'm exited, we do this every year, so it's always just fun to have people around and see people you haven't seen in a minute. I love it, it makes me happy."

Caitlyn was also thrilled to be at the celebration. "These parties have been probably one of the greatest [memories] ... it's a great time for everybody coming together," she explained.

Kylie shared that she's grateful for her baby girl, telling Frost, "Last year I was pregnant and this year I have her, and it's even better, let me tell you."

Our favorite visual of the night, however: Mason requesting 10k Cash from the DJ and Khloe having no idea what the hell he's talking about. His dance moves are also [chef's kiss].

See more photos from inside the party below!