MTV Heaps More Plaudits on 'Gangnam Style' in Year-End Review

PSY's "Gangnam Style" was named the "Viral Sensation of the Year" by MTV on Wednesday.

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"Taylor Swift sold w-a-a-y more records, One Direction stirred millions of first-crush flushes and labelmate Justin Bieber put tens of thousands of butts in seats every night of his tour, but in 2012, PSY had what none of them did: a-once-in-a-decade hit that can't be replicated", the music channel said.

The song "inspired more parodies than Clint Eastwood at the [Republican National Convention] and, oh yeah, racked up nearly 1 billion views on YouTube", it added, referring to how PSY set a new record on the world's leading video-sharing site.

One day earlier the hit song picked up the best music video of the year award from Billboard by garnering 21 percent of the votes.