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this is a fake phote
sorry

I don't think so.
Why would there be a need to fake a photo of Ms. Lohan's naughty bits?

This is NOT a fake photo.

The photograph was taken last year and Lindsay's lawyers threatened to sue any newspaper or magazine which published it for "breaching her privacy"

Unlike the Britney Spears upskirt incident, most voluntarily agreed not to publish. This is because Lindsay Lohan had successfully sued several newspapers and magazines for publishing other photographs of her in a compromising position aboard a yacht in Venice taken by celebrity photographer Peter Brandt.

It's real
 

From The Sun:SO lazy is young LOHAN, she can’t even be bothered to put on her pants. Mean Girls star Lindsay has behaved like a prima donna since arriving in the UK. But when my snapper caught the serial flasher outside London’s Kabaret club in a skirt leaving nothing to the imagination, I decided enough was enough and had a large pair of Bridget Jones’ knickers sent round to her hotel. Earlier this month she showed her all on a boat in Venice. Put it away, love . . .

thanks

Looks like it is sewn shut!!!! :p

many thanks

Her pus looks like granny ...YUK....

LOL

Kevin

thanks ... good pic ..

yeah its fake thankfully.. that thing looks like itll eat ya! :( lol