Nick Cannon Proposes!!

Wild 'N Out's Nick Cannon has proposed to his girlfriend, Victoria Secret's model Selita Banks!!

According to TMZ.com, the couple started the night out attending the Metropolitan Museum of Art Costume Institute Gala, then ferried over to Times Square in a Rolls Royce Phantom, where the words "Selita, will you marry me?" lit up on the Square's Jumbotron. At that moment, he produce a massive 12 carat rock to Selita.

The happy couple then went to NYC hotspot Butter to celebrate. Cannon surprised his new fiancee by flying in her parents and best friends. Then Nick and Selita left their impromptu engagement party to catch a private plane back to L.A. so Nick could be back at work Tuesday morning.