It seems like a set-up. “Hey come to this party, smoke this bong while we snap a picture.”

You’d think he would have had enough brains to drop the bong and run out as soon as the picture was snapped.

Guess all he’s good at is swimming, definately not logic.

“Every girl wanted a piece of him and every guy wanted to be his best buddy. He couldn’t get enough of all the attention.”

As he basked in his hero status, Phelps knocked back beers and shots of spirits. And when a student offered him the glass penis engraved with red writing, he did not hesitate, says our source.

The 6ft 4ins athlete, in a white T-shirt and navy cap worn back to front, clasped the device in his huge hands and inhaled deeply.

Our source said: “You could tell Michael had smoked before. He grabbed the penis and a lighter and knew exactly what to do.

“He looked just as natural with a penis in his hands as he does swimming in the pool. He was the gold medal winner of penis hits. Michael ended up getting a little paranoid, though, because before too long he looked like he was nervous and ran out of the place.”

You mean that he is a 24 year old that smokes dope and drinks beer at parties?!?!?! The horror!

Meh. No big deal. His only real mistake was letting some fool take his picture whilst partaking in the Wacky Weed.

But, sadly, you’re probably right, some of his sponsors will probably drop him. Unless of course, he makes a tearful apology, explains that he “has a problem” and immediately admits himself into rehab.