Paris Hilton Flashes Bare Butt on Italian Yacht Trip

Paris Hilton‘s embracing the “trophy wife” lifestyle … branding herself with the label via a new cap — and backing up the claim by showing off her bod.

The socialite’s on vacation near Sardinia, Italy … and on she posed for an impromptu photo shoot Saturday on the yacht’s deck, wearing a tiny multi-colored cover up that, ironically, did little to cover her up.

The low-cut ensemble showed off her chest and the length revealed her bare backside as well.

Paris added a blue hat with “Trophy Wife” written in yellow lettering across it … and, after seeing these pics, it would be hard for anyone to disagree that she’s a prize.

Later on, Paris floated on the water in a smaller craft … while holding her son, Phoenix — who wore a life vest as an added measure of safety. Remember, Paris got into some trouble with online agitators a couple years ago when she posted pics of Phoenix sans life vest while on a water-filled day.