As the funnyman made his way on stage, Lochte's fellow Team USA swimmer Michael Phelps - who attended the show to introduce Future's performance - couldn't help but snap a picture from his seat.
Dressed in athletic gear and sporting the swimmer's icy blue Olympics hair color, Fallon, 41, poked fun at Lochte's Rio robbery scandal while subtly referencing the five artists up for the night's most prestigious honor: Justin Bieber, Adele, Kanye West, Drake and Beyonce, reported Us Weekly.
"That's my jam, that's my jam. It should be my jam. I wrote that song. I did it. I wrote it. I produced it. I directed the video. I did. It happened. In fact, I directed all five nominees for Video of the Year."
"What an amazing year I have had, it's true. I'm the one who gave Adele the flip phone, hello? I need to Hotline Bling that thing," the "Saturday Night Live" alum continued, taking aim at Lochte's admission that he "overexaggerated" a story about being held up at gunpoint at a gas station in Rio de Janeiro, Brazil.
"They are all so great and so talented, I couldn't choose. I couldn't tell you even if there was a gun to my head. Which there isn't, but I couldn't choose - I still couldn't choose.
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