Lily Cole goes topless for Pirelli calendar

A year after she posed naked for French Playboy magazine, Lily Cole has stripped off again.

The 21-year-old has followed in the footsteps of Kate Moss and Cindy Crawford by appearing in the famous Pirelli calendar.

With millions in the bank, it's unlikely Lily would need a student loan when she enrolled at Cambridge University last year. But her latest shoot certainly won't do her bank balance any harm.

Feeling a bit cold: Lily Cole covers her ample breasts during a backstage picture during the Pirelli shoot

In the provocative calendar, Lily goes topless alongside her young contemporaries Miranda Kerr, Rosie Huntingdon-Whiteley and Daisy Lowe.

Last night, the models reunited at Old Billingsgate Market in London to celebrate the calendar's launch.

They were joined by Hollywood legend and 2007 Pirelli calendar 'girl' Sophia Loren, who looked chic in a black and gold dress.

In the calendar, the statuesque redhead poses in a series of seductive shots, including one topless pose in a shallow pool. In another picture she is seen hugging a sloth

Who put the washing machine on high? Lily's top appeared to have conveniently shrunk in the wash

Lily, who started her second year at Cambridge last month, travelled to Brazil for the job in June.

Playboy model Lily Cole gets into scruffy student mode on trip to the shops

Last week she was posing nude on the front of French Playboy in just a pair of white socks and holding a pink teddy bear.

But today Lily Cole wrapped up warm as she went on a shopping trip with her mum in Cambridge where she is set to start university.

The 20-year-old Marks & Spencer model enrolled at the prestigious Cambridge University at the weekend to undertake a three-year course in the history of art.

Lily Cole wraps up warm as she takes a look around the shops in Cambridge

Over the weekend she joined 134 other students at the King's College chapel for the university matriculation ceremony.

Today the model showed her more down-to-earth side as she perused the shops.

Wearing a blue beanie hat and red scarf, Lily spent some time in Boots - perhaps stocking up on painkillers to nurse any potential hangovers she gets from partying with her new friends.

Provocative: Lily on the October issue of French Playboy

And getting to know new people is one of Lily's top priorities.

She said: 'That's what I'm looking forward to about going to university... meeting lots of new people.'

Lily's controversial shoot in Playboy is said to have been inspired by the cover of French musician Serge Gainsbourg's 1971 album Histoire de Melody Nelson.

Shopping time: Lily checks to see if any of her new university friends have called

She is featured in a 14-page spread inside the October edition of the men's magazine.

In the interview which accompanies the Playboy photos Lily tries to justify her decision to pose nude.

She says: 'Nudity has always existed in art, and I think that, given the right conditions, it doesn't necessarily "debase" any more than it celebrates or represents the human body.'