Tiffany Haddish Rewears Her Iconic Alexander McQueen Gown for 8th Time in PEOPLE's Beautiful Issue

Tiffany Haddish's famous white dress is back! You know the one, the Alexander McQueen halter gown that she wore to the Academy Awards, the MTV Movie Awards and while hosting Saturday Night Live is making another show-stopping appearance — this time, in PEOPLE's 2021 Beautiful Issue.

"This is the longest running joke in Hollywood," the comedian quips in this week's feature while modeling the "gown that keeps on giving."

When asked what her boyfriend, rapper Common, says about the $4,000 Alexander McQueen design (and her habit of recycling it), the Girls Trip actress tells PEOPLE he thinks it's "hilarious."

"He thinks it's so funny," she says. "He's like, 'Man, you're really practical. I like that. You're thinking about the money, and I like that about you.'"

Having worn the gown on some of the biggest stages in the world, Haddish says it holds a lot of sentimental value for her.

"It was like, wow I'm having these huge moments in this dress. I spent so much money, and every time I wear it, it's like another huge moment," she says, teasing, "Maybe the next time I wear it, it'll be at my wedding reception!"

The Like A Boss star first wore the sleeveless white dress that features a jeweled collar and a slit up the side to the premiere of Girls Trip in 2017. She remembers thinking the gown was beautiful at the time — that is, until she saw the $4,000 price tag.

"I [was] like, 'Oh, hell no. This is my mortgage. I can't wear this dress.'"

Much to her dismay, Haddish was unable to return the expensive garment, so she decided to make the most of the situation and get her money's worth.

"I was just devastated. I was very upset that I spent that much money on a dress, period," she says. "Then I was like, 'Well, I'm going to wear this dress everywhere I go. I'm going to get my money's worth.'"

After the movie premiere, she rocked it while hosting Saturday Night Live in 2017, while presenting at the 2018 Academy Awards, hosting the 2018 MTV Movie and TV Awards and during a stop on David Letterman's Netflix show, My Next Guest Needs No Introduction.