Teyana Taylor Performs Sexy Cabaret Show, Star-Studded Audience Attends

BTW ... sources close to the show tell us the guest list far exceeds Leo wasn't the only celeb in attendance -- with Colman Domingo, Glen Powell, Savannah James, Winnie Harlow, Kyle Kuzma, Joan Smalls, Vittoria Ceretti, Tyrod Taylor, Lena Waithe, Imaan Hammam, Michael Braun, and many more looking on.

Teyana Taylor stripped down her fashion choices Saturday ... and, we mean it quite literally - 'cause the glamorous star left little to the imagination during a sultry cabaret show!

The singer-songwriter pulled out her best moves at "The Dirty Rose" -- an exclusive burlesque show created and directed by Teyana at the Paradise Club at The Times Square EDITION Hotel.

We gotta say Teyana certainly kicked off her performance with a bang ... hopping down on the floor and repeatedly humping the stage in the risqué footage.

Check out the clip ... the hip thrusts are just the tip of the iceberg -- TT moves across the stage in the scandalous outfit, gyrating and dropping it low with backup dancers filling the stage behind her.

Another clip also shows a man who appears to be Leonardo DiCaprio ... which videos trickling in on social media seem to back up. He's got his trademark black hat on while sitting near Teyana and chatting up another woman.

Remember ... Leo and Teyana have been spotted hanging out in recent months -- having a ball of a time in pics taken at the WME pre-Oscars bash.

Sources with direct knowledge told us at the time there's nothing romantic between Leo and Tey ... and, given we see him getting cozy with a different woman during the party, it seems to back up what we've been told.

Anyhoo ... looks like Teyana threw one hell of a party for her famous friends -- and put on a show they'll never forget.