It is the most--only?--multinational and prestigious sporting event on the planet. For a few weeks, we all come together and put aside our sociopolitical differences to join in the most diverse throw-down the world has ever seen.
All that being said, the Olympics are actually bat-shit insane. With the assistance of the always accurate guide to everything in the galaxy, Wikipedia, I will illustrate my point.
First off, HANDBALL. This is not a sexy-time move performed by your girlfriend. It is an Olympic sport. The official Olympics website describes it as a combination of Konigsbergerball and "snatch ball." I am so overwrought with distasteful innuendos, I'm pretty sure I need to register as a sex offender. 
The steeplechase. Take a normal, run-around-in-a-circle race, but add in, say, some equestrian obstacles. I tuned into this randomly, as a steeplechasing virgin. I was like, "Oh, sweet, a race. Wait, what? Did they just jump over a hurdle into a giant puddle? Was that on purpose? Are they wearing Aquasocks? Dear god, is the sky still blue?!"

Tug of War!! So now I'm cheating. I'm throwing in a vintage brain-mushingly ridiculous Olympic sport, which was performed from 1900 until 1920, when it was eliminated. That makes sense, because with women's suffrage also comes reasonable sanity. I would actually shit twice and die with total bliss if they reinstated Olympic Tug of War. It truly is the most Neanderthalian battle of who has the bigger penis: a bunch of guys pulling on a rope whilst grunting and making the other team fall over as the winning team cackles and says things like, "Yeah you really smoked my rope, boys!"

Rhythmic Gymnastics. They dress it up with lots of consonants, but in reality this is ladies dancing around a floor with ropes, clubs, hoops and/or ribbons. So basically, what I did at recess in the third grade. But actually, this is one of those things that you watch just so you can justify ranting about how retarded it is, and then once you see it you're like, "Holy fuckin' Moses, this is sweet."
After millions of years spent evolving into modern man from primordial ooze, and after the centuries of political and economic advancements, we can all stand with our crazy, Communist and/or Fascist brethren and compete for shiny things doing something involving ropes and hoops and jumping in puddles. That is fucking awesome. Go Team Earth!!
