Michael Phelps: 'Greatest Olympian of All Time!'

Michael Phelps continued his gold rush Wednesday, winning two more gold medals and smashing two world records.

The wins - his 10th and 11th career golds - make him with winningest Olympian in history. As the announcer at the National Aquatics Center declared, that makes him "arguably the greatest Olympian of all time." (The comment earned a smile from Phelps, who remained stoic for most of the day's competition.)

The day began less than auspiciously, when Phelps's goggles filled up with water during the 200-meter butterfly. The 23-year-old still won handily - in a world-record time of 1:52.03 - but he was visibly annoyed after he touched the wall.

"I couldn't see anything for the last 100 [meters]," Phelps said afterward. "It just kept getting worse and worse through the race."

Although he was disappointed in his time, Phelps begrudgingly admitted, "for the circumstances, I guess it's not too bad."

Actually, it got much better. Later in the day, Phelps led off the U.S. 800 freestyle relay. The team - which included Ryan Lochte, Ricky Berens and Peter Vanderkaay - won gold in under 7 minutes, with a mark of 6:58.56. (That shattered the Americans' previous world record by 3.63 seconds.)

"It's everything I ever dreamed about," Phelps said of winning his second relay gold in Beijing. "On the podium, I kept tearing [up] at it. I'm almost at a loss for words .... It's the best thing having four American guys ... swim all well together."

The gold medals give Phelps his fourth and fifth wins in China - putting him more than halfway toward his historic quest of claiming eight victories in the Games. (American swimmer Mark Spitz holds the current record of seven gold medals in a single Summer Olympics.)

"From now on, it's just a downward slope," Phelps said. "The end is close. I love it! I've still got some left in the tank."

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