Olympic swimmer Michael Phelps debuts his record-breaking eight gold medals on the new cover of Sports Illustrated (on stands Aug. 20).

The 23-year-old pays homage to Mark Spitz by draping the golds around his neck, just as Spitz did after he won seven golds in the 1972 Munich games.

The photo was taken on August 17 — the same day Phelps broke Spitz’s record for earning the most gold medals during one game.

It’s the fifth time Phelps — who has won 16 career medals, 14 of them gold — has appeared on the magazine’s cover (more than any other swimmer).

“He broke a record every time he went into the water,” Sports Illustrated Group Editor Terry McDonnell said in a statement. “He won eight gold medals, all on heart, ability and courage.”

SI isn’t the only place to spot Phelps.

His agent tells Access Hollywood that he’ll appear on Kellogg’s Corn Flakes and Frosted Flakes cereal boxes — not Wheaties — beginning in mid-September.

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Don’t you just love these covers of Star Magazine.  I just think they’re so terrible.  (And yet here I am, posting it). 

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Vanity Fair trots out our top female funnies in their April issue, knighting Tina Fey, Sarah Silverman and Amy Poehler on the cover as the new guard in comedy queens.

As seen in the above glossy, the ladies channel pop tarts for the photog (it’s doubtless Amy Winehouse ever got a laugh for political parody). Sarah does her best Amy, complete with pinup-girl tattoos, The Office sweetheart Jenna Fischer goes Lindsay Lohan (center) and Wanda Sykes gets nasty as Lil Kim (right).

“There is no question that there are a million more funny women than there used to be,” writer Nora Ephron says of the featured femmes, also including E!’s Chelsea Handler (second from left) and Sandra Bernhard (left).

Alessandra Stanley’s cover story explores the recent inundation of female-driven comedy that, while capturing mass audiences (good move on f***ing Matt Damon, Sarah), relies heavily on sex appeal.

30 Rock creator Tina thinks you can thank Jennifer Aniston for that.

“In the ’90s, it seemed like every person on a sitcom — think of the cast of Friends —was just really foxy,” Tina says.

“Nowadays, you can’t even get on open mike with less than a C cup,” the Botoxed comedy vet said.

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LOTS OF PICS FROM THE MAGAZINE AFTER THE JUMP! (more…)

PS: I think Justin Timberlake and Kate Hudson would make such a cute couple…if only it were true!

Don’t you just love that picture of Angelina?  She looks so evil!

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