That depends on what the woman likes. Every woman is different in likes and dislikes. Plus is the gift more for your pleasure than hers? If she sees it that way then your gift will no hold much merit to her.
NO!!!!!!!!!! THAT'S AN INSULT!!!!!!! By doing so you will make her feel like she doesnt look good enough in her own lingerie, plus we like picking out our own clothes! It makes women feel better in general!