Gotta Get My Hands on Some Panties

Combine (wooden stretcher bars, plywood panel, rubber cement, glue, oil paint, poster paper, metallic ink marker, matting board, Victoria's Secret panties, iPod Touch 5th generation, photograph), 29.5x33 (frame), 24x24.5 (plywood panel), 2015;

It's really quite simple. If I had to explain in the quickest terms what this work is about, I would say this:
How would Miley Cyrus handle a Picasso?

Of course, there is much more to it; and it works on several levels. However, I shall leave it to you to find all the clues.