Ummm...

What in the hell is this?

Why is Teri Hatcher even AT the Grammys?

And more importantly, why is she wearing... that?

UPDATE: Once again, Defamer hits the nail on the head: "an aging, nighttime soap star clawing at the spotlight in an outfit that says, 'Hey, everyone! Look at me! I’m in my underwear! Isn’t that outrageous?!'"

UPDATE, PART II: Thanks to the Fug girls, I just laughed till I cried: "Teri Hatcher proves that she woefully, tragically misinterpreted all that 'What's in the hatch?' talk that buzzed around ABC last summer."