Miley Cyrus recently claimed the No. 1 spot on Maxim's Hot 100 -- and during a photoshoot with the magazine, she let it all hang out.

One of Celebslam's readers sent in the topless shot that was purportedly taken during Miley's Maxim shoot:

Maxim via Celebslam

The outfit matches one she wore in published photos from the session, so odds are good the pic itself wasn't doctored. In it, Cyrus flashes the photographer (the uncensored version is here, you big pervs) while she ... screams in joy? In pain?

Maybe her jacket suddenly got scalding hot, which would explain both her expression and her clear need to divest herself of the fabric.

Regardless, flashing her bare boobs at a photographer goes in direct opposition to what she recently told Elle: “Sex does sell, but you have to find a way that’s not just showing your tits.”

Yeah. About that ...