Met Gala 2020 theme, co-chairs: Lin-Manuel Miranda, Meryl Streep

Meryl Streep Emma Stone Lin Manuel Miranda

While a series of exhibitions scheduled throughout the year will shine a light on the masterpieces and collections that have filled the walls of the NY institution for almost two centuries, none will honor the longevity and history of fashion's position within art quite like the 2020 Met Gala. Coinciding with the Met's 150th anniversary, the exhibition will draw inspiration from philosopher Henri Bergson's concept of la durée ("time that flows, accumulates, and is indivisible") and will explore how clothing can conflate past, present and future. The A-listers will be joined by Hamilton's Lin-Manuel Miranda, Louis Vuitton artistic director Nicolas Ghesquière and, of course, Anna Wintour.

Fashionistas, listen up: The 2020 Met Gala Committee has been announced.

The Met exhibit will be launched several days after the event, on May 7, and will run until September 7.

From Lady Gaga's four wardrobe changes to Rihanna's internet breaking yellow gown, the Met Gala has always been the most anticipated red carpet event of the year with the biggest names in music, film, fashion and entertainment going all out with their costumes to match the annual ball's theme.

Next year, Emma Stone and Meryl Streep will be co-chairs at the coveted event. "Through a series of chronologies, the exhibition will use the concept of duration to analyze the temporal twists and turns of fashion history".

In addition, the theme will be examined through the writings of the late writer Virginia Woolf, who will serve as the "ghost narrator" of the exhibition, according to the museum's release. This year's theme, "Camp: Notes on Fashion", saw the fashionable flood the red carpet in an array of eccentric shapes and bold colors.