Psy's "Gangnam Style" Tops Justin Bieber's "Baby" on Youtube

Justin Bieber has lost the title of king of Youtube to Korean sensation Psy.

The South Korean rapper's hit music video "Gangnam Style" surpassed Justin Bieber's "Baby" on Youtube yesterday, making it the most-watched clip in the history of the social media site, according to Us Magazine.

Bieber had been on the top spot since July 2010, racking up more than 803,732,000 views, but Psy's music video had been steadily creeping up on that record.

Since being posted in July, the viral song-and-dance has earned 803,761,000 views and counting. Psy tweeted on Saturday, along with the hashtag "#History" and a link to the now-famous clip: "#GangnamStyle just became the most watched video on YouTube!!" Psy's song previously set YouTube's record for the Most Liked video ever posted to the site, with more than 5.3 million "Likes" and just 323,000 "Dislikes."

Meanwhile, Bieber received 1.4 million "Likes" and 3.1 million "Dislikes." On the music charts, it peaked at No. 2, where it remained for seven weeks behind Maroon 5's "One More Night."

But Psy has become more than just a Youtube sensation. Over the last five months, the singer has performed the K Pop dance alongside the likes of Britney Spears, Madonna, the Jersey Shore cast, and even U.N. Secretary General Ban Ki-moon.

Psy also made big news lately with a performance with legendary rapper and dancer MC Hammer at the 2012 American Music Awards earlier this month.

The South Korean rapper joined with Hammer to do a remix of Hammer's 1990s hit "Too Legit to Quit" and Psy's "Gangnam Style."

"Scooter Braun connected us, and [when] I spoke with Psy I knew right away that he is a good guy. I like working with good people...I loved doing it and we had a great time together," Hammer told CNN. "Psy is fantastic. He's shifted the planet. He's got the whole world dancing. And it's a rarity in this world. Only four people made that happen in history - James Brown, Michael Jackson, yours truly and Psy."