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Gwyneth Paltrow's 'side-butt' stars at 'Iron Man 3' premiere

Actress Gwyneth Paltrow wears a sheer dress at

Actress Gwyneth Paltrow wears a sheer dress at the world premiere of "Iron Man 3" at the El Capitan Theatre in Los Angeles. (April 24, 2013) (Credit: AP)

People magazine already named Gwyneth Paltrow the world's most beautiful woman this week, but it looks like the actress is hoping for a second award: best butt.

Paltrow, 40, wore an ivory Antonio Berardi gown to the "Iron Man 3" premiere in Hollywood Wednesday with green trim that looked elegant from the front, but sheer side panels left very little to the imagination.

The mother of two is known for her toned body, healthy eating habits and Tracy Anderson workout routine, and she proudly showed off her "side-butt," as all the magazines have dubbed it, to photographers.

The burning question in the fashion world now is, is side-butt the new side-boob?

Some say "if you've got it, flaunt it," but honestly, the entire world should never have to know for certain that you're not wearing underwear.