It's the second-straight year she landed the cover if it's the real deal:
SI is making a big deal out of the fact that it took models to all seven continents this year. So putting a picture from Antarctica on the cover would make sense.
We also know Upton did a photoshoot there a few months ago because TMZ wrote about it at the time. Upton appeared to be wearing the same bikini she is in the "leaked" cover above:
 |
The "leaked" magazine could certainly be fake. But there's no real red flags about it that we can see.
Upton's celebrity took off after she landed on the cover last year, when she posed in a considerably warmer climate:
 |