There's not a ton to say about this picture, really. It's Kate Middleton wearing a diaper and a bib while covered in what looks like shaving cream. It's reportedly from a 2001 event at St. Andrew's University, which makes sense; who doesn't have embarrassing photos from college floating around the internet? And, of course, this photo is a lot less scandalous than those other Kate Middleton photos on the internet, although, as The Cut points out, there is a set of droopy balls to Kate's right. Scandal! NSFW!
UPDATE, Nov. 26: We've been asked to take the Adult Baby photo down, but it's still viewable over at The Cut.
[via The Cut]