We guess she's just being Miley.
And while we can't remember the 19-year-old former Hannah Montana star putting the piercing on display in such a big way before, she did sport a tiny stud in the same place when she first had her nose pierced in 2009, according to the Daily Mail.
This go-round, though, it appears the bigger the nose ring, the better.
So, tell us…what do you think of Miley's new accessory?
Sound off in the comments.