While the most of us have been glued to the TV for the last couple of weeks watching some the world's best athletes compete at the Beijing Olympics, there's another group of people competing in a very fierce retail competition stateside.

In honor of the summer Olympics, Opening Ceremony released a limited-edition run of metallic gold and silver Air Max 1 and the Nike LunaRacer. They also threw a really big party, too, and even had jewelry designer Philip Crangi host a ping pong match in their store.

Luckily, the good people at Style.com went and documented all of the madness for those who are more into Micheal Phelps instead of Marc Jacobs right now. In this clip, watch as a slew of guests breakdown their funky outfits, amongst other things.