The last time Carmen Electra wore her iconic Baywatch swimsuit she was 25 years old.

Now, 15 years later, the 40-year-old bombshell poses in the famous red one-piece again, exclusively for the new issue of In Touch, on newsstands now.

"Once I got it on, I felt amazing," Carmen tells In Touch at the photo shoot, at first hesitant to slip into the suit. However, "It was a million times better than I thought it would be."

NEWS: Carmen Electra Takes Fashion Week by Storm

Carmen – who began her career as a dancer before shooting to fame in 1997 with the hit series and three ensuing Playboy covers – is in better shape than ever thanks to a diet that's heavy on "protein and vegetables" but makes allowances for the occasional cupcake.

"I feel better than I did at 25!" Carmen tells In Touch.

PHOTO: Sneak Peek of Carmen's Smokin' Hot Music Video

Crediting her hot body to her love of dance, she says, "I still have the discipline I learned when I studied ballet growing up." And that will definitely pay off if she's asked to pose for Playboy again. "[I'd say] Yes! I love Playboy – they supported me from the beginning. I heard I've had the third-most covers of anyone, after Pamela [Anderson] and Anna Nicole Smith. I'm very proud of that!"

For more from Carmen on her career, love life and future plans for mommy-hood, pick up this week's issue of In Touch, on newsstands now.