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The 2014 Met Ball, aka Fashion Prom, is taking place tonight. Click over to Racked National for their liveblog of all the action, which started early this morning. Sightings so far: a Naaem Kahm-wearing FLOTUS cut the ribbon on the newly-named Anna Wintour Costume Institute, SJP took a selfie with Hamish Bowles and Stella McCartney, this year's exhibit features a Charles James-inspired dress made from flowers, and Selena Gomez is doing something sparkly with Lorraine Schwartz jewelry. [Racked Nat'l]