Model Belle Lucia Becomes New and Improved Carmen Electra from 'Baywatch'

Carmen Electra might have made great eye candy on "Baywatch" during the '90s -- but that was then, and this is now ... so here's Belle Lucia in a similar suit.

The Australian model channeled her inner Lani McKenzie during a photo shoot in Sydney, where she even got the famous slo-mo run down ... (inflatable) rescue can and all.

We gotta say, Belle and Carmen look A LOT alike here. So the question ... is Belle new and improved, or does nothing beat a classic?