'E! News' co-anchor Giuliana Rancic was beside herself with excitement about the fact that the top two contenders for 'The 2011 Miss USA Pageant' (Sun., 9PM ET on NBC) turned out to be best friends. She was co-hosting the event with Andy Cohen of 'Watch What Happens: Live' and kept repeating "they're best friends," until Cohen picked up the call.

Before announcing the eventual winner, Cohen then said the phrase no less than four more times. "I just want to point out that if for any reason the new Miss USA cannot fulfill her duties," he explained with laughter, "Her best friend, the first runner up, is going to take over, okay?"

It made for a bittersweet finale to a night of beauty and talent. Each of the women would be thrilled for the other, but of course each wants that special moment on the stage with the crown and the tears and the sash and the walk. So who took it home?

The always outspoken Margaret Cho has tackled issues of race, sexuality and weight in her stand-up comedy, and she was the first Asian-American female to have a sitcom in the U.S., 1994's short-lived 'All-American Girl.' Over the years Cho's brash sense of humor and outspoken support of gay rights have earned her a devoted following.

In the new Lifetime series 'Drop Dead Diva' (premieres Sunday, July 12), Cho plays the sidekick to a recently deceased model trapped in an overweight brainiac's body.

Cho talked to AOL TV about the ideals of beauty, why she thinks Miss California Carrie Prejean deserved to lose her crown and why she's saving her body for Kat Von D. -- By Katy Kroll

First let me say that this is NOT a "political" post. I'm posting this video because it concerns something that happened on television recently that has somehow consumed all of the local and national newscasts (and it's a beauty pageant, of all things). It features MSNBC's Keith Olbermann and his take on the whole Miss California (Carrie Prejean) controversy. It's an interesting video essay. I think that Prejean can think whatever she wants to think and Perez Hilton is kind of a moron. I also think that Olbermann gets in a few good points.

Miss California, Carrie Prejean, caused some controversy the other night when she said she was against gay marriage. Today she explained her answer on, well, Today. I think Matt likes her!