This was a seminal sports article by Hunter S. Thompson on the 1970 Kentucky Derby in Louisville, Kentucky, first appearing in an issue of Scanlan's Monthly in June of that year. Though not known at the time, the article marked the first appearance of gonzo journalism, the style that Thompson came to epitomize through the 1970s.

The article's focus is less on the actual race itself—indeed, Thompson and Steadman could not actually see the race from their standpoint—and more on the celebration and depravity that surrounds the event, as well as other events in Louisville (Thompson's home town) in the surrounding days.