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Summer Lovin’ was in the air and blasting from the speakers at Katie Lee’s Sagaponack beach house Friday night, where The Cinema Society, Dior Beauty and Moët & Chandon hosted an open-air screening of “Grease Sing-A-Long,” the rerelease of the 1978 classic, now with karaoke-style subtitles. In her best “Bad Sandy” ensemble (the dress code was “Rydell High 1950s”), Lee passed out preshow tequila shots and chatted with guests such as Helen Lee Schifter, Gayle King, Brad Goreski, Bettina Zilkha, John Leguizamo, Nanette Lepore and Jennifer Creel. After dinner, everyone claimed some space on the lawn for the main event. Dylan Lauren and Nacho and Delfina Figueras snacked on popcorn in between choruses of “Greased Lightnin’,” while Donna Karan and rumored beau JJ Biasucci snuck off to take a walk on the beach — ah, those summer nights.