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Watch Ben Stiller, Owen Wilson, Penelope Cruz, & Will Ferrell Strut Their Stuff — In Character — At Zoolander 2's NYC Premiere!

| Filed under: Film FlickersFashion SmashionPenelope CruzOwen WilsonWill FerrellBen StillerNew YorkRed CarpetAmazing

The premiere was a star-studded fashion show!

Zoolander 2's NYC premiere was unlike any other!

On Tuesday, the flick's red — or should we say purple — carpet was transformed into a high-energy fashion show worthy of Mugatu, himself!

In fact, Will Ferrell, Ben Stiller, Owen Wilson, and Penelope Cruz all strutted their stuff IN CHARACTER, and it was everything we could have hoped for and more!

The Daddy's Home star wore a puffy coat with a giant "M" on the back, matching pants with slits up the legs, purple cat-eye sunglasses, and Mugatu's signature hairstyle.

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As Derek Zoolander, Ben rocked a green patterned suit while Owen — AKA Hansel — donned a space-themed outfit that would make Neil deGrasse Tyson proud.

And newcomer to the film franchise, Penelope, was super seXXXy in an all-black ensemble featuring short shorts and high boots that went all they way up past her knees!

But they aren't the only ones who showed off their runway chops!

Kicking of the exciting event was a steady stream of models — including Gigi Hadid and Irina Shayk — flaunting their flawless figures and impressive walks!

Another celeb gracing the runway was Justin Theroux, who was ALSO in character! And DJing the whole thing? Skrillex, of course! After all, he was in the movie's trailer!

Luckily for us, Funny Or Die filmed it on Periscope! Ch-ch-check out the fantastic finale from the fashion show (below)!

And for more shots from the star-studded runway, take a look at the gallery (above)!

[Image via AP Images, Getty Images.]

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