Nope, not seeing a third nipple here. Some fans think it's a photoshop fail or...
And if you look closely, on her right knee, is a weird bump. A third nipple?! Let's compare pictures.
Perhaps it's a lady bug and not a weird third nipple at all. Better keep comparing pictures.
What is your favorite scene from “Airheads?” – Farley ripping out that nipple ring!