Lingerie and body-revealing styles are back, but it’s not just Y2K nostalgia, observers say.

Squint and spring 2023 looks like a Y2K reboot filled with slip dresses, lace details and mesh separates as far as the eye can see.

And data would certainly confirm the “lingerie and sheer on repeat” sentiment coined by La Samaritaine’s Victoria Dartigues right after Paris Fashion Week.

According to fashion search engine Tagwalk, 59 percent of the 247 designers who put on shows during the fashion month included lingerie and a whopping 77 percent included transparent looks in their spring 2023 collection.

But seeing all this as solely ‘90s nostalgia or a “turn of the Millennium” redux is oversimplification, according to observers.