Pamela Anderson’s NYE Wardrobe Malfunction

Posted Saturday January 2, 2010 4:57 PM GMT

Never one to miss out on a good time, Pamela Anderson was head of the party as she hosted a New Year’s Eve celebration at Gridlock at Paramount Studios in Hollywood, CA.

The former “Baywatch” babe flaunted that oh-so-famous physique in an off the shoulder white dress while doing the honor of a champagne toast at midnight.

At one point during the crazy night, Pam experienced an all-too-familiar wardrobe malfunction as her low cut dress fell just below her nipple.

“American Idol” runner-up Adam Lambert sure didn’t mind the sight to be seen as he got up close and personal with Pam, unable to take his eyes off her chest.

Celebrity Gossip

Enjoy the pictures from the Gridlock'd New Year's Party (December 31).