Political satirist Stephen Colbert has accepted the Webby Awards' Person of the Year gong with a traditional five-word acceptance speech of: "Me, me, me, me, me."

The 12th Annual Webby Awards were presented at a ceremony in New York Tuesday night, where amateur YouTube celebrities rubbed shoulders with famous musicians and media personalities to accept the Internet's top honors.

Each year, Webby Award winners are limited to giving an acceptance speech of just five words, leading to a mixture of memorable quotes and cringe-worthy jokes.

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This year's most notable acceptance speech was from the team of the political Web site the Huffington Post, who won a Webby in the Blog — Political category.

"President Obama. Sounds good, right?" said co-founder and editor in chief Arianna Huffington, prompting a cheer from the crowd.

Before the ceremony, the Huffington Post had asked its readers for help choosing from a list of possible acceptance speeches, including "Thanks especially George Bush, Dick" and "I'm so totally Twittering this."

Accepting the Webby in the Social Networking category, the team behind social Web browser Flock joked: "No sh**, we beat Facebook?"

Facebook won the community-voted People's Voice award in the same category.

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