The Food Bank For New York held their 5th annual fundraiser – the Can-Do Awards Dinner – last night at Abigail Kirsch’s Pier Sixty.

A lot of celebs were in attendance, including Gwyneth Paltrow, Lorraine Bracco, Blythe Danner, Christy Turlington, Ed Burns and Katie Lee Joel, among others.

And Rachael Ray was there too, letting it all hang out.

Rachael Ray Lets It All Hang Out

I’ve seen 5-10 pictures of Rachel at the event and in each one, her boob was hanging out. How could she not notice? Of course, she did.

Anyway, her outfit is atrocious. The dress didn’t have to be that bad, but her choice in stockings and shoes ruined it completely. The pearl white hose and silver peep-toe pumps aren’t good at all. Plus the shape of this dress doesn’t flatter her body type.

If she insisted on wearing this dress, she should take up the hem a little bit and pair it with a turqouise strappy high heel sandal.

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