NEW YORK, NY — It’s the first Monday in May and that means it’s Met Gala Monday!

The Met Gala serves as a fundraising event for the Metropolitan Museum of Art’s Costume Institute. Last year, it successfully generated over $26 million. This prestigious event usually marks the beginning of the Costume Institute’s spring exhibition. Vogue’s Editor-in-Chief Anna Wintour organizes it, attracting fashion designers, brands, celebrities, influencers, and others.

Here’s what you need to know ahead of fashion’s biggest night.

WHAT IS THIS YEAR’S THEME?

This year’s exhibition is themed “Superfine: Tailoring Black Style.” Vogue has described it as an exploration of how clothing and style contribute to shaping Black identities across the Atlantic diaspora, focusing on the concept of the Black dandy.

WHO ARE THIS YEAR’S HOSTS?

Wintour, Colman Domingo, Lewis Hamilton, A$AP Rocky and Pharrell Williams will co-chair. And LeBron James was named honorary chair.

WHAT IS THE DRESS CODE?

It was announced in February that the dress code is “Tailored for You,” which Vogue says is a nod to the exhibition’s focus on menswear.

Michael Strahan from Good Morning America had a conversation with Wintour in anticipation of the gala. During their discussion, she mentioned that Domingo sent her a text with a photo of his outfit, leaving her astonished by his choice.

“It was his idea. It was a clever idea,” Wintour said.

WHAT CELEBRITIES ARE EXPECTED TO ATTEND?

Among the celebrities on the host committee are André 3000, Doechii, Ayo Edebiri, Spike Lee and Tonya Lewis Lee, Audra McDonald, Janelle Monáe, Usher, and Kara Walker.

Rihanna is co-host A$AP Rocky’s partner. She has made big splashes at the Met Gala in years past and star-watchers are hoping she will walk those iconic stairs once again.

Other previous guests include Sarah Jessica Parker, Blake Lively and Ryan Reynolds, Jared Leto, Elle Fanning, Florence Pugh, Zendaya, Lil Nas X, Cardi B, Ariana Grande, Lady Gaga, Gigi Hadid and members of the Kardashian-Jenner family.

Keep an eye on ontheredcarpet.com for all the best looks, biggest entrances and red carpet moments.