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September 15, 2008 3:00 PM

Michael Phelps Shown-Up by Tina Fey on SNL

If you didn't hear, Michael Phelps hosted the season premiere of Saturday Night Live on, well, Saturday.

How was he? Um, well, let's just say that it's probably a good thing he can swim so well. Here's his opening monologue, which SNL (smartly) flooded with cast members, his mother, and even William Shatner.

After the jump, a video of Tina Fey as Sarah Palin, in the skit that everyone's talking about.

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