no makeup
no makeup

Say what you will about 43-year-old Pamela Anderson -- we think she's still got it!

The former Baywatch babe and mother of two was lookin' A-OK Saturday at the beach in her flowy top (which she wore as a beach cover-up) and high heels.

I mean, look at those legs! And check out the reverse shot after the jump -- not a hint of cellulite in sight!