This is a poster-sized painting by Greg Hildebrandt, of the Hildebrandt Brothers, prolific and popular artists, still best known for their iconic original Star Wars ad illustration and the J.R.R. Tolkien calendars. A big-eyed Ann Coulter look alike (except the chest) adjusts her underthings. This is hot on so many levels.
Greg apparently likes it a lot because he wrote on the back(see image below), "This is one of the best I have done yet!" high praise for the piece coming from him. According to his agent, the model was a girl from Texas, because Hildebrandt had trouble finding one with exactly what he was looking for locally.
Claudio Bobuz has a version of this done in black and white. I am just guessing that my piece is watercolor instead of acrylic.