The theme is 'Chinese Whispers' and Jennifer Lawrence will co-host with Silas Chou, a Hong Kon based textile tycoon.
Previous hosts have included JLaw's bezzie mate Bradley Cooper, Sarah Jessica Parker and Oscar de la Renta. Somehow we imagine she's going to bring a bit more goofy charm than these guys though, and can't wait to see the gifs, quotes and coverage that's bound to take over the internet.
At the 2013 Met Ball, she was spotted feeling SJP's hat and laughing hysterically, so who knows what she'll do next year? Eat a hat? Our money is on eating a hat.
There's been a bit of controversy surrounding the theme, especially in light of all the slightly dodgy cultural appropriation that's been going on (we're looking at you Avril Lavigne, Katy Perry and Miley), but this promises to be an exploration of ' how eastward-looking Westerners have understood, misunderstood, and appropriated Chinese culture'. Sounds great.
Let's hope the controversy, and those who've taken to Twitter to express their annoyance at the theme, doesn't touch JLaw. Oh we love her so.