Michael Phelps Wins Most Olympic Medals in History

U.S. swimmer becomes most decorated Olympian of modern times.
4:05 | 07/31/12

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Transcript for Michael Phelps Wins Most Olympic Medals in History
THIS WAS A GOLDEN DAY FOR TEAM USA AT THE OLYMPICS. SWIMMER MICHAEL MEL UPS OFFICIALLY BECAME THE MOST DECORATED OLYMPIAN OF ALL TIME. AND THE FIERCE YOUNG WOMEN OF THE GYMNASTICS TEAM LEAPT AND VAULTED TO A GOLD VICTORY. ABC'S BILL WEIR WAS THERE FOR IT ALL AND LEADS OUR COVERAGE TONIGHT FROM THE OLYMPIC GAMES. BILL, GOOD EVENING. Reporter: GOOD EVENING TO YOU, DIANE. THE GAMES DID NOT SEE THE MOST AUSPICIOUS BEGINNING FOR TEAM USA. SOME GRUMBLING YESTERDAY. BUT OH, DAY FOUR, DEFINITELY THE MOST EXCITING AND MOST HISTORIC OF ALL. AFTER COUNTLESS DAYS OF COUNTLESS LAPS A LIFETIME OF STARING AT THE BOTTOM OF POOLS, AFTER A WEEKEND OF DISAPPOINTMENT, THE FIRST FEW DAYS SHOWED MORE TARNISH THAN GOLD FOR MICHAEL PHELPS. HOE COULD BE THE FIRST GOLD MEDAL WINNER. AND DOWN THE STRETCH, IT LOOKED IMPOSSIBLE. AND HE CRUISED TO THE FINISH, ALLOWED CHAD LACWAA TO WIN AND SETTLING FOR SILVER. AND THEN THE FREE STYLE RELAY. AND HAS HIS TEAMMATES, LOSHTY, DWYER, BEHRENS, GO FOR THE LEAD, THE FAMILIAR TOUCH. AND FOR THE RECORD BREAKING 19 LT TIME, THE GOLDEN SMILE. AND IN THE GYM, THE FAB FIVE ENTERED CONFIDENT. IT'S BEEN A FEW DAYS SINCE JORDYN WIEBER'S BUMP FROM THE FINALS ROCKED THE TEAM. BUT NONE OF THAT DRAMA SHOWED TONIGHT AS POINTS MOUNTED ROUTINE BY ROUTINE. THEY WERE ALL IN FINE FORM. BY THE FLOOR EXERCISE, IT WAS ALL BUT OVER. WHEN SHE LANDED FOUR BIG TUMBLES PASSES AND NAILED HER SIGNATURE REBOUND IN THE END, TEARS IN THE EYES OF ALI RACEMAN. ALL THEY NEEDED WAS THE JUDGES' CONFIRMATION. THE FAB FIVE TAKES BRITAIN BY STORM TONIGHT. AND ALY AND HER GIRL GOES FOR THE NEXT ROUND. AND MICHAEL PHELPS, 22 MEDALS. AND THE WOMEN WHOSE RECORD HE SHATTERED WAS THERE TO CHEER HIM ON? Reporter: TAKE A LOOK AT THIS YOUNG LADY. THIS IS LARISSA, A GYMNAST WHO WON WHEN HER SPORT WAS MORE ABOUT GRACEFUL MOVEMENT MORE THAN TENACITY. AND NOW, LIVING OUTSIDE OF MOSCOW AND HERE TO WATCH HISTORY. A LOT OF GRUMBLING BACK HERE. NOT EVEN A FEW SECONDS TO PASS AROUND, THE VIDEO OF MICHAEL PHELPS. Reporter: WELL, YES, THE NETWORK THAT SHALL NOT BE NAMED, THEY PAID OVER $1 BILLION TO BROADCAST TO THE STATES. AND THE FRIENDS AT THE "WALL STREET JOURNAL" USE POPSICLE STICKS, REENACTMENTS. IF ANYONE HAS ACROBATIC CAT, THEY SHOULD DRESS UP IN TINY UNITARDS, THEY WILL DO THE SAME DOWN THE ROAD. YOU ARE GOING TO BE BACK IN A MINUTE TO REPORT ON THE DEBATE OF THE YOUNG SWIMMER FROM CHINA. CAN A 16-YEAR-OLD GIRL REALLY SWIM FASTER THAN THE OLYMPIC MEN? LOOK AT HER BIG HANDS, HER FEET? THAT IS COMING UP. AND HERE IS THE TOTAL MEDAL COUNT TONIGHT. CHINA AND THE USA V U.S. TIED, 23 MEDALS EACH. AND JAPAN IS THIRD. BACK IN THIS COUNTRY A CLOSE

This transcript has been automatically generated and may not be 100% accurate.

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