Excuse Me Lady Gaga, What Are You Wearing?

OKAY, I’m sorry but I need some clarification on what exactly Lady Gaga was thinking when she stepped out on Thursday. The 28-year-old singer took it back to the 80’s rocking a Cher inspired wig completed with a leopard print sequin robe….I just need to know why and where she is going with this outfit on:

She is totally channeling Cher but is FREAKING me out. How do you guys feel about this look? HOT or NOT?