The 21-year-old catwalk beauty, who is the recipient of the honour previously awarded to Kate Upton, Chrissy Teigen, Hannah Davis, and Emily Ratajkowski, said she was not as prepared as she would have liked to be, reported E! Online.
"I thought I was going to come come and wing it (my speech) and be good, but then I woke up early this morning and thought, 'Gigi, there is no way you're going to be calm or cool in front of Kobe (Bryant) ever in your life', so I called a friend and I said, 'What do I say that is funny?'" she said.
She also posted a Snapchat video of herself lip syncing to Malik's "Pillowtalk" hit.
Meanwhile, other winners at the Spike TV Guys' Choice Awards included Matt Damon and Ben Affleck, who claimed the Guys of the Decade prize.
Joking about their latest accolades, Affleck told the audience at Sony Pictures Studios in Culver City, California, "I think it goes without saying that this is an award Matt and I have been dreaming about since we were little boys.
The "Martian" star Damon pretended to mix up the trophy honour.
He added, "We will cherish this, and we we want to recognise some of the other nominees, some of the dudes who weren't quite as decade-worthy: George Clooney and Brad Pitt."
Julia Roberts was named Woman of the Decade at the Guys' Choice Awards, while her ex-boyfriend Kiefer Sutherland picked up the Outlaw prize, Anna Kendrick claimed the Hot And Funny trophy, and Olivia Munn won the coveted Jean-Claude Gahd Dam (sic) prize.
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