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Careful Holly …

Holly Madison participated in a hand print ceremony inside Planet Hollywood restaurant at the Forum Shops of Caesars Palace over the weekend — and dare we suggest that she was dangerously close to several nip slips.

The 31-year-old former Playboy model and ex-girlfriend of Hugh Hefner, has been busy filming her reality show Holly’s World, which features her day-to-day life as a topless burlesque star in Peepshow.

In classic Holly style, she could barely contain her breasts within the confines of her low-cut white halter dress while gyrating for the cameras.

More photos below:

Photos: WENN-Judy Eddy