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

Next year, Emma Stone and Meryl Streep will be co-chairs at the coveted event. The A-listers will be joined by Hamilton's Lin-Manuel Miranda, Louis Vuitton artistic director Nicolas Ghesquière and, of course, Anna Wintour. Fun fact: this actually marks Streep's first Met Gala ever!

In addition to naming its new co-chairs, the Costume Institute of the Metropolitan Museum of Art also revealed the 150th annual Met Gala's theme: About Time: Fashion and Duration.

Speaking to The New York Times, Costume Institute's curator Andrew Bolton explained that the theme was inspired by several Virginia Woolf novels and theories of the early-20th-century French philosopher Henri Bergson, who believed time was more of an ever-evolving stream rather than a series of isolated moments. Using time as its guide, the exhibit will feature 160 pieces of women's fashion that encompass the theme from the last 150 years.

"I wanted to do an exhibition focused on the collection, but not a traditional masterworks exhibition," Bolton said. "Something that connects to the zeitgeist, and what people are talking about now."

"Fashion is indelibly connected to time," he continued. "It not only reflects and represents the spirit of the times, but it also changes and develops with the times."

We're excited to see how celebrities and designers interpret this vague-yet-pertinent theme. The possibilities are endless!

Last year, stars like Jennifer Lopez, Kim Kardashian, Zendaya and more delivered memorable, head-turning looks for the 2019 Met Gala's Camp: Notes on Fashion theme. The memorable night was co-hosted by Windsor, Harry Styles, Serena William, Lady Gaga and Gucci's Creative Director Alessandro Michele.

Pumped for fashion's biggest night? The 2020 Met Gala will take place on May 7. We're already counting down the days!

Don't miss E! News every weeknight at 7, only on E!

We and our partners use cookies on this site to improve our service, perform analytics, personalize advertising, measure advertising performance, and remember website preferences. By using the site, you consent to these cookies. For more information on cookies including how to manage your consent visit our Cookie Policy.