The CFDA Fashion Awards are an annual event organized by the Council of Fashion Designers of America to honor outstanding achievements in the fashion industry. Established in 1981, the awards recognize designers, models, and other influential figures for their contributions to American fashion. The ceremony features various categories, including Designer of the Year, Accessory Designer of the Year, and Model of the Year. Winners are selected by a panel of industry experts, and the event serves as a platform to celebrate creativity and innovation within the fashion community.