If you're wondering how Mila feels about the flattering title, well, she'd "rather be scuba diving!"
Or at least so she writes in the racy, sure-to-get-views video of the cover shoot above.
And though many may agree she's the sexiest, Mila reveals in an interview with the magazine that she's more focused on her desire to stay true to her self: "What I do and who I am are two different things. And they always will be. What happens with people is they lose sight of who they are, and they become either who they want to be or who they are perceived to be."
Mila added: "I think that if I bought into the hype, I would lose all sight of who I am, and so much of who I am is what my parents went through and instilled in me. And I never want to lose that. Ever. Because I would be so disappointed if I didn't make them proud."
Well, we're sure the title of Sexiest Woman Alive at least makes Ashton Kutcher proud!