Jacobs and Lady Liberty Gaga cover V magazine's New York Issue. Photo: Mario Testino

In celebration of its New York Issue, V magazine chose two very fashionable NYC-bred talents -- Lady Gaga and Marc Jacobs -- to grace its vibrant September cover.

Pretty unsurprisingly, Gaga, dressed as a disheveled Statue of Liberty, appears in hardly anything aside from a lacy black bra and matching Calvin Klein panties with a beautiful buff-colored Louis Vuitton evening gown falling around her hips.

Her ever-changing tresses (read StyleList's Gaga hair predictions) are blondish-gray with a portion pointing straight up in seven spikes. She carries a burning torch (made by the Haus of Gaga) to complete the iconic statue effect.

Unlike with his Bang fragrance ad, Jacobs keeps his clothes on this time round, opting for a classic and handsome tux of his own paired with patent leather wingtips.

"Just as the Statue of Liberty was France's gift to America, Gaga is, to us, New York's greatest gift to pop culture and fashion," V editor Stephen Gan says in the issue. "She embodies everything V is about, and is also a beacon of the city's creativity and hope."

"Exactly one year after her first V cover (the first fashion magazine cover she was on), we decided to do the New York Issue, and she was the first person who came to mind to represent our great city," he says. "In the year that's passed, she has become a bona fide genius and we can safely declare her our muse."

The cover of issue #67 was shot by Mario Testino and styled by Gaga's stylist Nicola Formichetti, while the V logo was created out of gum by New York-based artist Dan Colen. (Artists Nate Lowman and Spencer Sweeney take on the letter for two separate covers -- see them here!)

Another photograph of the duo -- in which Jacobs pushes Gaga around in a shopping cart, her crippling platform boots by Noritaka Tatehana stuck in the air -- opens a spread featuring a roster of other New Yorkers including Chloe Sevigny (in Miu Miu), Liya Kebede (in Dsquared), Debbie Harry, and Mark Ronson.

To read and see more of the New York Issue, head over to vmagazine.com and pick up the magazine on newsstands today!

In the meantime, check out V's steamy Body Issue featuring some of the world's most beautiful supermodels topless.