The 1st Krusty Awards ceremony, presented by the Academy of Undersea Arts, honored the best of films of 1997-2000 and took place June 18, 2000, at the Bikini Bottom Recreation Center in Bikini Bottom. During the ceremony, the Academy of Undersea Arts presented Krusty Awards (sometimes referred to as Krabbies) in four categories. The ceremony was televised in the Pacific Ocean by OBC. Actor Eugene H. Krabs hosted the show for the first time. The Adventures of Mermaid Man and Barnacle Boy was nominated for two awards, winning Best Television Series, Goo Lagoon won Best Picture, rock band Ned and the Needlefish won Best Musical Group, and actor SpongeBob SquarePants, who later hosted the 4th Krusty Awards, won Best Stated Quote from a Television Series or Film. The telecast garnered almost 4