We haven’t yet come out of the ecstasy of the Victoria’s Secret’s £3 million bra worn by supermodel Adriana Lima and now, it’s time to take a peep into the Victoria’s Secret 2008 Fashion Show. The annual Victoria’s Secret’s show represents the ultimate in feminine fantasy. The lately renovated Fontainebleau Hotel in Miami Beach was the venue where famed celebrities and gorgeous supermodels gathered for the sparkling show. Heidi Klum, the show-stopper of the show, was accompanied by 34 other models, including Adriana Lima, Alessandra Ambrosio and Karolina Kurkova. The 35 supermodels presented an outrageous collection of underwear from lingerie house Victoria’s Secret. R&B singer Usher, who started the show, was welcomed by Lima in a $5 million diamond-studded Fantasy Bra. Designed by Martin Katz, this bra is decorated with white and black diamonds and rubies. Adriana Lima, on wearing the bra, said…

I always wanted to wear the Fantasy Bra. It’s the first time that Victoria’s Secret makes a black diamond bra. A woman could definitely buy it if they love it and men, too.

And how can we forget the Victoria’s Secret’s trademark wings? Selita Ebanks was the first to grace the X-shaped stage with the pair of wings. Seven pairs of wings were designed by Martin Izquierdo for the Victoria’s Secret fantasy extravaganza themed “Return to Glamour.”

In total, 68 outfits were worn by the models. Celebrities, including Paris Hilton, P Diddy, Russell Simmons, Michelle Trachtenberg, Martha Stewart and Kim Kardashian were among the audience. Video and images after the jump.