Stephanie Rice

Stephanie Rice may be holding up a pair of commemorative underwear below - received upon her return to Sydney, Australia after her impressive performance at the Beijing Olympics - but she denies having ever seen Michael Phelps in his skivvies.

When asked about the rumored romance and tongue tying session she and Phelps shared together at the Games, Rice replied:

“No, it was just really great to meet him... and people that you usually see on TV, like [Rafael] Nadal and [Roger] Federer. To me Michael Phelps is a huge inspiration and someone I really look up to."

Well, sure. It's easy to look up to the guy when you're on your knees.

Stephanie Rice says she looks up to Michael Phelps. But did she once look up at him from down below... if you know what we mean!

Stephanie Rice set two world records at the 2008 Olympics.

But it was her rumored make out session with Michael Phelps that set off stories about this Australian swimmer.

Now, the beautiful athlete is taking advantage of her fame, as The Daily Telegraph reports she's set to guest star on Make Me a Supermodel. The three-time gold medallist will appear alongside Jennifer Hawkins and Tyson Beckford on the show.

Rice will be advising contestants on how to handle sudden popularity, while also maybe teaching them the techniques necessary to bed one of the greatest athletes in the history of the world.

Stephanie Rice carried the flag of her native country at the closing ceremonies last night. Earlier in the week, she was rumored to have carried on a game of tonsil hockey with Michael Phelps.

Stephanie Rice may have been spotted making out with Michael Phelps at a party outside the Olympic Village earlier this week - but she's making like Miley Cyrus in the photo below!

A world champion herself - Rice holds the world record in the 200 and 400-meter individual medley - the Olympian is receiving more media attention than ever as a result of her make out session with Phelps.

But there's more to this Aussie than breasts strokes and tonsil hockey. She's emulating a controversial Cyrus pose in the shot below:

Stephanie Rice is vadgetastic!

Check out other pics of Stephanie Rice now. Click on the following thumbnails and let us know if you think Michael Phelps made the right choice...

Michael Phelps may not be dating Amanda Beard.

But a different gold medal swimmer is making waves in the media for getting cozy with the iconic Olympian this week.

Her name is Stephanie Rice, she's Australian and she holds the world record in the 200-meter and 400-meter individual medley for women.

As Aussie news outlets are reporting, the two world class athletes are seen here at the recent Speedo Athlete Media Day. They look mighty happy together, don't they?!?

When asked if he were dating anyone, Phelps replied:

"Part of my life is kept to myself. I'm able to relax and be with my friends. Those pretty much are the only people who really know the answer to that."

Not if we can help it, Michael.