Nothing we haven't seen before, and much less than that. LiLo has "accidentally" displayed both nip / boob slips and pantyless pussy flash on many an occasion. Sorry, NYMag... you're a couple years too late to the unscripted R-rated party, with your staged PG-13 tittyllation.
It was that fucking wig. If she kept her natural (?) red hair and took the pics in color, it would have been fucking hot!