The 2016 VMAs were a full-on fest of love (Rihanna & Drake = swoon & eye-rolls), burns (poor Taylor Swift) and, of course, must-see looks. It also gave us one of the funniest, most cringe-worthy moments when Jimmy Fallon, who apparently wasn鈥檛 in the mood to play it safe, decided to go after another risky playa. Emerging dressed as Ryan Lochte 鈥 the uniform, the medal, the HAIR! 鈥 it was more than clear who Fallon was targeting. And while the crowd prepped for the takedown, one person in the seats, namely Michael Phelps, was lo-ving it!

Jimmy Fallon as Ryan Lochte _ 2016 VMAs

鈥淲ho had the best video of the year? I can鈥檛 tell you that. They鈥檙e all so great and so talented, I could never choose. I couldn鈥檛 tell you even if there was a gun to my head,鈥 Jimmy started, causing plenty of laughs from the crowd as Fallon referenced Lochte鈥檚 apparent penchant for lying (at least in one particular urination and uber-lie criminal offence). 鈥淚 directed all five nominees. What an amazing year I鈥檝e had! I taught Drake the 鈥楬otline Bling鈥 dance. I made Lemonade with Queen Bey.鈥 Liar, liar, pants on fire and the audience was LIT AF.

Michael Phelps and Nicole Johnson

Phelps, Lochte鈥檚 Olympic swimming teammate and sometimes competitor, may have felt awkward or defensive while Ryan was being so publicly roasted, but nope. If his reaction was any indication, he thought it was friggin鈥 hilarious.

鈥淥h my god,鈥 was the very clear reaction from Michael while his fianc茅e, Nicole Johnson, laughed and covered her mouth with her hands. Not wanting to forget the moment, Phelps was also recording the entire thing on his phone.

Gotta wonder if Ryan Lochte was watching.

What did you think about Jimmy鈥檚 Ryan Lochte impression and Michael鈥檚 reaction to it? Tweet us @BritandCo!

(Photos via Jason Kempin, Jamie McCarthy/Getty)