Don’t let the door hit your chiffon bustle on the way out.

This morning, John Galliano announced he was bowing out of his planned Met Gala exhibition, which would celebrate his historic — and tainted — contributions to the fashion world.

“After much reflection and discussion from those involved, I have decided, with great sadness, that it is best for the exhibition not to take place at this time.”

Until 2011, Galliano was Dior’s most celebrated creative director, making iconic red carpet gowns for era-defining beauties like Nicole Kidman and Cate Blanchett. He helped spark the status bag craze with his 1990s saddle bags, and is the reason your…

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