The GamesSpace Drop
Objective: Collect as many flying Lanzer heads as you can.
Max Score: 20
BIG TIP: Be a small "I am Item" to better avoid the falling items flying at you.
By decreasing your avatar's surface area, you can easily dodge items.
Get 10 points or more
Rejected Olympics 2k12 Bunch of Balloons: "A nice way to avoid falling to your death."
Lift
Objective: Work together to lift your towns' thing by standing when the timer reaches 0.
Max Score: 20
BIG TIPS: Use the Ctrl button on your keyboard to better control when you sit & stand.
Also, set the quality of the game to low to reduce lag.
Get 10 Points or more
Rejected Olympics 2k12 Beach Babes: "Wooooo! Yeah baby! You're totally hot stuff!"
Frog Jump
Objective: Get as close to the center of the flower as you can by jumping off of the frogs tongue!
Max Score: 20
BIG TIP: To help with your timing, walk onto the frog's tongue when the fly is positioned
near the lily pad above you like the image inside the spoiler below.
Click to see.
Bacon Bowl
Objective: Slide down the bacon and knock down as many of your teammates as you can!
Max Score: 20
BIG TIPS: Get a running start on the bacon and then hit Ctrl to begin sliding at maximum speed.
The ideal team has 11 players: 10 pins and one bowling ball.
You get 5 points every time you are knocked over, so be a team player and take turns!
All of the pins must "reset" themselves after every bowl, otherwise the collisions will not count.
See this fantastic
guide on Bacon Bowl made by xflamethrower.
Prize:

Rejected Olympics 2k12 Olympian Jacket : "When you're strutting down the beach in this hot retro jacket, everyone will know you're an Olympian. A bangin six-pack doesn't hurt either."
Paint Splat
color=#2c8f18]
Objective: Shoot anyone not on your team!
Max Score: 20
BIG TIP: Find a location, such as behind a tree, that you can use as cover so others don't hit you.
You lose a point if you are shot.
Move, shoot in the 4 directions (N, E, S, W), move, repeat.
Click + Shift = move & Click = Shoot
Rejected Olympics 2k12 Paintball Splatters : "This is totally not what I meant by "body paint"..."