Karlie Kloss & Lily Aldridge - Victoria's Secret Fashion Show 2012

Karlie Kloss and Lily Aldridge look stunning as they walk the runway at the 2012 Victoria’s Secret Fashion Show on Wednesday (November 7) at the Lexington Avenue Armory in New York City.

Karlie, 20, rocked two different looks throughout the show in “Circus” and “Calendar Girls.” Lily, 26, rocked two looks for the “Calendar Girls” and “Angels in Bloom” segments.

Karlie wore custom painted target wings, a glittered corset with silk bustle, latex stockings, and Victoria’s Secret Designer Collection bra and matching panty for the “Circus” segment. She wore a feather headress, suede vest and skirt, and Victoria’s Secret Very Sexy push-up bra with a Beach Sexy bikini bottom for the “Calendar Girls” segment.

Lily wore firecracker wings, a painted flag skirt, and Victoria’s Secret custom Dream Angels push-up bra and panty for the “Calendar Girls” segment. She wore a tiger lily skit with lily pad wings, and Victoria’s Secret Designer Collection bra and matching panty for “Angels in Bloom.”

25+ pictures inside of Karlie Kloss and Lily Aldridge in the 2012 Victoria’s Secret Fashion Show…