Michael Phelps, Ryan Lochte race video: Phelps wins 2012 Olympic gold in 200-meter individual medley

Michael Phelps of the United States became the first man to win an individual men's swimming event in three consecutive Olympics, beating teammate Ryan Lochte in the 200-meter individual medley Thursday.

On Saturday, Lochte won the first head-to-head meeting between the two stars, though Phelps didn't even medal in the 400-meter individual medley.

Lochte also swam in the 200-meter backstroke final  a short time before the 200-meter individual medley. He came in third.

Watch video of the race below:

PART 1:

PART 2: