The outline on the model at left is not a bathing suit; that would be a tan line. The woman is completely naked. The ad for Cabana Cachaça was accepted not only at Playboy but also at Details, Men's Vogue, Esquire and GQ. Yes, this says something about eroding publication standards and the financial desperation of magazines amid the current advertising downturn. But more critically, it says that Cabana Cachaça is probably some really, really crappy liquor. Larger shot of the ad, marginally NSFW, after the jump.

[WWD]

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