It's been announced that London will host the Olympic Games in 2012 - the first time the Olympics will be held in Britain since 1948.
Loads of sports stars, politicians and celebs backed the bid, and here's what some had to say about the announcement:
Matthew Pinsent, British Olympic rowing champion
"This is so special... It was four votes between winning and losing -- as close as our race in Athens... The emotion in the last couple of hours has been incredible."
David Beckham, who spoke out to back the bid
"This is going to do so much for our country, not just obviously the East End in London.
For our country it inspires so many children to go out there and, they can go and watch an Olympics, I can go, I can take my children to watch an Olympics where I was, where I was brought up, so it's an amazing feeling.
It's been an honour to be involved. Now we've won it there's a lot to be done."
Prince William, on tour in New Zealand
"I'm looking forward to what I'm sure will be a fantastic Olympic Games."
Paula Radcliffe, world marathon record-holder
"I am really, really pleased. I knew Paris had a great bid but I hoping and finally confident, we would be successful... London will put on a brilliant Games, And yes, if I'm not crocked I hope to be running there."
Jonny Wilkinson, England and Lions rugby star
"London 2012 will be a brilliant sporting event and something for us all to be very proud of."
Gary Lineker, sports presenter and former football star
"The Games will inspire the nation and give us the ability to showcase all that is great about Britain."
Tony Blair, British Prime Minister
"A momentous day for London... I couldn't bear to watch (the final announcement). It is not often in this job that you get to punch the air and do a little jig and embrace the person standing next to you."
Sebastian Coe, who led the London bid
"We are taking home the biggest prize in sport... I always knew this was going to be close... I am absolutely ecstatic ... This is our moment. The spin off for sport in the UK will be huge."
London Mayor Ken Livingstone
"We will promise you a Games you will never forget."
Philippe Baudillon, Chief Executive of the Paris bid
"We are very, very disappointed but it was a very good competition. We thought we could win but obviously we did not ... That's life."