Joey Chestnut’s 8-year reign as Nathan’s hot dog eating king ends

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CONEY ISLAND, NY - Down goes Chestnut. Long live the "Megatoad."

Matthew "Megatoad" Stonie devoured 62 hot dogs and buns in 10 minutes at Nathan's 99th International Hot Dog Eating Contest in New York on Saturday, beating eight-time champion Joey Chestnut by two.

This is the first time since 2006 that Chestnut failed to win the title at the annual Fourth of July eating contest at Brooklyn's Coney Island.

"I just had trouble," Chestnut said after the competition, which was aired on ESPN2. "I was slow and he was eating fast."

In the women's competition, Miki Sudo won for the second consecutive year, eating 38 hot dogs -- four more than her mark last year.

The hot dog eating contest was divided into men's and women's competitions in 2011. Contestants compete for prize money.