Jimmy Fallon hilariously spoofed Ryan Lochte while presenting the award for Video of the Year at the MTV Video Music Awards . "Who had the best video of the year? I can't tell you that. They're all so great and so talented, I could never choose," he joked at the mic. "I couldn't tell you even if there was a gun to my head." Lochte's teammate Michael Phelps seemed to be enjoying Fallon's speech, and could be seen snapping a picture or video of the bit.