"Evan put it perfectly," Franklin said. "He said, 'This is kind of like the Olympics for the celebrities'."
Douglas, the all-around gymnastics champion, shimmered and shivered in a lime dress on the chilly carpet, where temps hovered in the 50s.
Franklin, the five-time swimming medalist, wore a black silk gown with a sparkly statement necklace.
Lysacek, the reigning Olympic figure skating champion, donned a black velvet tuxedo that would have looked equally as dashing on the ice.
"I want to see everyone," gushed Douglas, who stopped to pose for a picture with Sean "Diddy" Combs. "I want to meet Emma Stone. I'm having so much fun."