Madonna Wins Top Touring Artist, Loses Pants at Billboard Music Awards

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Of all the Billboard Music Awards fashion hits and misses, Madonna's was definitely tops in one of the two categories, depending on your point of view.

The Material Girl, 54, hit the stage in a pair of shades, fishnets, black underwear and apparently no pants as she accepted Top Touring Artist honors.

Guess when you end 2012 with the top-grossing tour - earning $305 million no less - and you don't want to wear pants, no one's gonna call you out.

Madonna took the MGM Las Vegas stage with will.i.am. Take a look:

Other questionable Billboard Music Awards displays included:

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with her profile, SHE CAN DO JUST ANYTHING AT ALL.

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NOT INTERESTED . BUT , WHILE I 'M PASSING TRU ... THAJT PIG DON'T NEED PANTS . YA KNOW !!! ??? THE BUGS , AIDS , LITLE MEXICANS OW HERE KEEP HER WARM .. YA KNO OUUHOOO !