How low can you go?

Irina Shayk offered an answer at the Victoria’s Secret Fashion Show after-party Sunday night, arriving in a pair of completely sheer pants slung audaciously low on her hips.

The burgundy organza bumsters, by London-based brand Mowalola, showed off the Russian supermodel’s thong as she made her way into the Bird Streets Club in West Hollywood.

Shayk, 40, wore them with a black push-up bra and burgundy pumps, copying the runway styling from the label’s spring 2027 collection. A cross necklace and a leopard-print coin purse completed her after-dark ensemble.

Shayk wasn’t the only Mowalola fan out that night. Bianca Censori stepped out in a fishnet bodysuit from the same collection, covering her chest with her hands. She was photographed alongside husband Kanye West, whom Shayk briefly dated in 2021.

The brand is the brainchild of fashion provocateur Mowalola Ogunlesi, a Nigerian-British designer and former Yeezy Gap design director.

Earlier in the evening, Shayk walked in two looks at the Victoria’s Secret show, held at Sony Pictures Studios in Culver City. Bella Hadid opened the brand’s first Los Angeles extravaganza since 2007, and Kylie Jenner wore its $50 million Fantasy Bra.

This year was Shayk’s fourth time on the VS runway, a decade after she made her debut while secretly pregnant with daughter Lea, now 9, whom she shares with ex Bradley Cooper. “I felt very proud being Mama,” she told Page Six Style backstage.

As for what keeps her coming back? “Sexy push-up bras, beautiful fluffy wings, girls, and [having] fun backstage,” she quipped.

Off the runway, she’s reportedly dating NBA star Devin Booker, 29, who was previously linked to VS model Kendall Jenner. Jenner sat out this year’s show, but Cooper’s partner, Gigi Hadid, hit the runway. She and the actor have been wearing matching Boucheron wedding bands for months, though friends have clarified that the couple has yet to marry.