It's a Bikini Wars showdown as Hollywood's bad girl battles it out with one of the sexiest supermodels in the world in a super skimpy bikini!

Lindsay Lohan was splashing around the Hawaiian surf in a colorful $50 electric leopard print strapless Victoria's Secret bikini, barely covering up her ample assets after stripping down for a fully nude Marilyn Monroe inspired Playboy cover shoot.

PHOTOS: Lindsay Lohan Vs. Victoria's Secret Model