American Idol Finale, Phillip Phillps, Jessica Sanchez, Ryan Seacrest

Michael Becker/FOX

The winner of American Idol has been revealed.

First, Jennifer Lopez debuted her new single, "Going In," on what was most likely her last night as an Idol judge. Aerosmith performed. There were tributes to Donna Summer and Robin Gibb. All of the finalists got to sing with previous Idol champs and the occasional legend. Ace Young asked Diana DeGarmo to marry him.

But it came down to that last minute, to the result based on the record 132.3 million votes cast in favor of either Phillip Phillips or Jessica Sanchez. Did the 21-year-old pawn-shop worker take it all, or did the 16-year-old powerhouse finally the break the guys' winning streak?

It is still a man's world in these parts.

Phillip Phillips was named the winner of the 11th season of American Idol tonight—and was immediately engulfed in hugs and back-pats from his fellow finalists before last year's winner, Scotty McCreery, handed the trophy over.

"It's been such an honor to be up on this stage playing with everybody...and to the fans, thank you for voting for us," the Georgia native (and favorite from day one) said before hearing Ryan Seacrest announce his name.

But after he had been declared the winner, all he had to do was grab his guitar and make himself right at "Home," what will be his first official single as Idol champ.

But even if your horse didn't win, Phillip and Jessica will ultimately both have record deals—and both had already been living the dream all night.

Phillip got to jam with Creedence Clearwater Revival's John Fogerty on "Have You Ever Seen the Rain" and "Bad Moon Rising," the newbie's voice melding seamlessly with Fogerty's iconic rough-around-the edges sound.

Original Dreamgirls star Jennifer Holliday joined forces with Jessica on "And I Am Telling You I'm Not Going," and the resulting chills and goosies were plentiful.

Heck, even we needed oxygen afterward.

The rest of the top 12 didn't do too badly in the duet department, either, with Skylar Laine stomping out "Turn on the Radio" with Reba McEntire; Joshua Ledet being joined by his "biggest inspiration," Fantasia Barrino; Chaka Khan doing "I'm Every Woman" with the top girls; and Neil Diamond leading the whole theater, let alone the final guys, in "Sweet Caroline."

How do you feel about Phillip being the new American Idol? Sound off in the comments!

GALLERY: 2012 American Idol Finale

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