Partners and friends Allysa Torey and Jennifer Appel open Magnolia Bakery on the corner of West 11th and Bleecker Street. While baking a cake, the partners decided to pour extra batter into a muffin tin, thus baking Magnolia's first cupcakes. Cupcakes were sold for $1.25.

Torey and Appel publish their first cookbook The Magnolia Bakery Cookbook: Old-Fashioned Recipes From New York's Sweetest Bakery with Simon & Schuster. The book includes recipes for Magnolia's cupcakes, chocolate chip cookies, and lemon bars. [Photo: Amazon]

Co-owner Jennifer Appel leaves the bakery after a disagreement with Torey regarding expansion. Appel opens Buttercup Bake Shop in Midtown East.

For just 30 seconds, Magnolia's Bleecker Street location is the backdrop in a Sex and the City scene during episode five of season 3, where Carrie Bradshaw sits on a bench in front of the shop to proclaim she is crushing on a furniture designer- while eating a Magnolia Bakery cupcake. [Photo: YouTube]

Saturday Night Live's second ever Digital Short Lazy Sunday aires on December 17, 2015. In it, cast members Andy Samberg and Chris Parnell visit Magnolia Bakery to pick up cupcakes. About Magnolia Parnell raps "no doubt that bakery has all the bomb frosting." Samberg rhymes with "I love those cupcakes like McAdams loves Gosling." The video becomes a cultural phenomenon. In Lazy Sunday 2, which aired in 2012, Samberg and Parnell sing a different song: "[D]on't mess with Magnolia 'cause the line's too long." [Photo: NBC]

Allysa Torey sells Magnolia Bakery to restaurateur Steve Abrams. Abrams, who invested $1,000,000 of his own money for the purchase, becomes Magnolia's CEO and majority owner. His wife Tyra and daughter Olivia are co-owners. [Photo: Robert Sietsema]

Along with his wife Tyra and daughter Olivia, Steve Abrams opens Magnolia's second location, on the northwest corner of 69 Street and Columbus Avenue. [Photo: Magnolia Bakery]

Magnolia's original owner Allysa Torey publishes her fourth book titled The Complete Magnolia Bakery Cookbook: Recipes from the World-Famous Bakery and Allysa Torey's Home Kitchen. Recipes from Torey and Appel include cookies, cakes, ice box desserts, and Magnolia's famous banana pudding. [Photo: Amazon]

The first overseas location of Magnolia Bakery opens in the home store of Bloomingdale’s inside the Dubai Mall. [Photo: Magnolia Bakery]

Abrams and Co. open a Magnolia Bakery in Tokyo, Japan. Currently, there are 12 international locations of the bakery. Locations include Beirut, Dubai, Kuwait City, Doha, Abu Dhabi, Moscow City, Tokyo, Mexico City and Sung Nam. [Photo: Magnolia Bakery]

To celebrate its 20th birthday, the global bakery is selling cupcakes at its original Bleecker Street location for $1.25. The team is also partnering with viral milkshake makers Black Tap to debut a Magnolia shake. The vanilla milkshake has a vanilla-frosted rim, confetti sprinkles, mini versions of the bakery's famous cupcakes, a birthday whoopie pie, whipped cream, and (naturally) a cherry on top. The collaboration shake is available at both Black Tap locations until July 17. [Photo: Magnolia Bakery]