One of the most sublime commentaries made on the bong/Phelps/Kellogg’s fiasco (2 mins):

SNL – Really?!? – Michael Phelps, 02/07/2009

It’s all so damn good that I transcribed the last bit:

“…and if you’re at a party and you see Michael Phelps smoking a bong and you’re first thought isn’t ‘wow I get to party with Michael Phelps’ and instead you take a picture and sell it to a tabloid you should take a long look in the mirror because you’re a dick, I’m mean really.”

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