Annual gala locale, with "the"

MET

Think of a famous New York museum that hosts a star-studded fashion event each May.

This clue hints at the Met Gala, the famous annual fashion event held at the Metropolitan Museum of Art in New York. The word "locale" points to the shortened name of the museum, "Met," while "with 'the'" suggests adding the article to get "the Met"—though the answer itself drops "the" for brevity. It’s a straightforward reference to a high-profile cultural event, relying on common knowledge of the gala’s nickname.