This year's edition features 37 models in all their glory across 102 pages, and while our friends at GT are keeping some of the good stuff under wraps (ahem) until you get your hands on the magazine, you can feast your eyes on four collectable covers here.
Lest we forget, 2012 was Olympic year. You certainly won't forget when you've had a glance at judo star and former Celebrity Big Brother contestant Ashley McKenzie:
Gold medal-winning boxer Luke Campbell has left his sequins on the ice rink, but we're not complaining:
Yes, yes, we know the vast majority of you love Tom Daley, but Gay Spy would like to give you a gentle reminder that there were other divers at the Olympics. Chris Mears gets a 10.0 from us, of course:
Finally, here's two very popular soap stars for the price of one - it's Hollyoaks' Kieron Richardson and PJ Brennan - hats off to PJ for some strategic thigh placement:
Other models include actors Leon Lopez, Ben McGregor, Jack Jefferson, Craig Daniel Adams and Dominic Thorburn, musicians Class A and Joseph Whelan, adult actor and model Kieron Knight, former Big Brother contestants Scott Mason and Arron Lowe, Playing It Straight's Mitch Marion, Ben Allen and Sam Allen, the BalletBoyz and the cast of 9 to 5 The Musical.
"We always try to make our charity naked issue the biggest and most exciting that we can – we've definitely hit the spot this year! I don't think any magazine has ever dedicated their entire content in support of a charity before," said Gay Times editor Darren Scott.
"Everyone that took part was a joy to work with and they deserve to look this good - I only wish I did."
The Gay Times Naked Issue - raising money and awareness for the Terrence Higgins Trust - is on sale now.
Readers can download an image to their phone in exchange for a donation to the Trust - see the magazine to find out how. There will also be a charity auction of signed prints from the photoshoots next month.