8.38am: Not known for their Olympic prowess (three golds in London), Brazil follows the football them and wheels out Pele to join in the handover celebrations.
8.35am: Now it is Rio's chance to get in on the act and provide a teaser for what is in store in four years time. Carnivale, capoeira, cool dudes in white suits and dancing that will melt your face.
8.29am: We say goodbye to the UK and ola to Brazil. London mayor Boris Johnson waves the Olympic flag for the final time. President of the IOC Jacques Rogge accepts it and passes it on to Eduardo Paes, the mayor of Rio de Janiero - the home of the 2016 Olympic Games.
8.20am: The classic rock anthem is a perfect lead-in to the Greek national anthem... winding down now.
8.15am: A massive projection of Freddie Mercury from his Live Aid appearance in 1985 has the crowd in a tizzy. Brian May shreds us into We Will Rock You alongside the scantily-clad Jessie J. It gets the thumbs up from Olympic reporter Karen Barlow:
@KJBar: Sing-a-long with Freddie. Cool #closingceremony #london2012
8.12am: Muse make themselves at home with their 488,487th stadium rock concert in the last five years. They're blasting out their Olympic anthem. Lead singer Matthew Bellamy has to make do with amazing performing his guitar solo on his knees and not dangling from a 20-foot tower.
8.05am: Monty Python's Eric Idle recovers from being shot out of a cannon to sing Always Look On The Bright Side of Life with bhangra dancers and bagpipes in tow.
8.00am: Liam Gallagher moves into the clubhouse lead with a wonderful rendition of Oasis' Wonderwall. Everyone is singing along. But you get the feeling he will be knocked off the top soon as a long list of superstar acts are about to enter the fray. Either that or brother Noel actually knocks him off.
7.57am: The Spice Girls are here and are in ripping form as they belt out some of their classic 90s tunes - Wannabe and Spice Up Your Life - to the delight of the crowd. Still no Beckham.
7.47am: Mixed reviews of the closing ceremony on Twitter, especially amongst those from the UK. Jessie J's Forget About The Price Tag seems rather apt right about now.
7.43am: Fat Boy Slim gets the party kickin'. Thank goodness for that. He is spinning his beats at the centre of a massive, inflatable, psychedelic octopus. Sounds about right.
7.39am: Russell Brand goes from Willy Wonka to The Beatles' I Am The Walrus with Aussie-Brit band Bond pulling the strings in accompaniment. I think he does Wonka better.
7.37am: Ed Sheeran performs Pink Floyd's Wish You Were Here. I think the athletes are ready to get down now. Where are the big acts?
7.33am: ABC correspondent Philip Williams found out the party is not just inside the Olympic Stadium as London farewells the Games.
7.30am: As we say goodbye to London, we want to know what your highlights were from the 2012 Olympic Games.
7.25am: As if we haven't seen enough good-looking people with ridiculously-toned bodies over the last fortnight, some of Britain's most famous supermodels - including Kate Moss and Naomi Campbell - have stolen the show and are using the Union Jack as the world's biggest catwalk. David Beckham absent.
7.16am: George Michael's Freedom reminds the athletes they don't have training tomorrow. The former Wham star then declares "Remember, you are at the centre of the universe" and sings something from his new album. Bit of a come down.
7.10am: The start of Queen's Bohemian Rhapsody gives everyone a tease of the party ahead before John Lennon's Imagine has everyone singing in unison.
7.00am: The medallists from the men's marathon take centre stage, and so they should after the show they put on earlier on Day 16. Uganda's Stephen Kiprotich has the honour of accepting his country's second ever gold medal in athletics. Kenya's Abel Kirui and Wilson Kipsang Kiprotich are right next to him.
6.56am: Kate Bush's Running Up That Hill, accompanied by some toned-down Indian bhangra drums, kicks off what looks to be an elaborate tribute to the athletes. Well, it is pretty tough to find something that isn't done elaborately at the moment. It should be noted Kate Bush is not here.
The official London 2012 Twitter knows what is going on:
Performers heave 303 boxes to the stage while Kate Bush's 'Running up that hill' plays. They represent each Olympic event
6.45am: The Aussies athletes in their green blazers are among the throng of flags, medals, boxing kangaroos, iPads and cameras. Basketball star Liz Cambage, who claimed a bronze medals with the Opals, is one of the easier ones to spot towering above the crowd. She'll enjoy a great view of the remaining acts.
6.36am: Unlike the strict order of the opening ceremony, the athletes are allowed to spill out amongst each other and they're doing just that. More different tracksuit colours than a weekend flea market. And lots and lots of smiles.
6.33am: Speaking of athletes - here they come! The flags of the competing nations are out first. Sailor Malcolm Page is doing us proud for the second time this Olympics as he carries the Australian flag.
6.30am: It's montage time. Emeli Sande is back with a tear-jerking number set to some of the more emotional scenes from the 2012 Games. Winners or losers, it is not hard to see the physical and emotional commitment of these competitors.
6.25am: One Direction have been knocked off their perch for 'longest performance' by Ray Davies and his 1967 hit Waterloo Sunset.
With the calibre of stars to come, I hope British swimmer Rebecca Adlington can move on:
: Ahhhh can't believe were missing one direction as were not allowed in!!!!!! Grrrr
6.23am: The sharp ones amongst you - if there are any this early on a Monday morning - will be noticing the plethora of The Beatles' songs (so far Because and A Day In the Life) played as the performances dip and dive between classic UK tunes and dancers wearing bright spandex trying their best not to pull a hamstring.
6.20am: The 40-strong performers from Stomp save the day with their steel-heeled boots and rubbish bins. They've even got brooms. Wonder if they've been hired for the epic clean up job tomorrow morning?
6.15am: And then... One Direction. Just a minor hurdle. We can bounce back from this.
6.13am: No holding back, the stars are flowing freely. After a version of Blur's hit Parklife, the Pet Shop Boys are doing a lap of the stadium whilst singing West End Girls. In a way only they could.
6.10am: Guitars, trumpets, saxophones. Singers wearing sunglasses at 9pm in the evening. Now we are talking. Madness, out of Camden Town, are on stage belting out their 1982 hit Our House.
6.05am: The centre of the stadium is devoted to a styled Union Jack, made up of ramps leading to and from some of London's iconic landmarks. Everything from cars and people are draped in literature from the UK's greatest writers. And one of their greatest orators, Winton Churchill - played by actor Timothy Spall - makes an appearance at the top of Big Ben.
6.00am: Big Ben and the 80,000 spectators in the Olympic Stadium count us down. Scottish singer Emeli Sande kicks off the party... with a bit of a slow number. Building it up.
5.56am: We're not far away now. It is a beautiful night in London. Over 3,000 volunteers are ready to put on the show of the Games. That'll be a tough ask considering some of the remarkable events we have witnessed over the last 16 days. Here is just a sample of some of those memorable moments and the athletes involved:
5.44am: Sailor Malcolm Page will carry the Australian flag during the closing ceremony. Page won gold in the men's 470 class with partner Mathew Belcher - part of Australia's gold rush on the waters of Weymouth. The 40-year-old also won the gold in Beijing in the same event.
5.35am: Catch up on what you missed from the final day of competition with our
5.30am: Welcome to our coverage of the London Olympics closing ceremony. Things will be kicking off in half an hour.
It was a stunning Olympics full of breathtaking victories and inspiring sportsmanship as athletes from around the world pushed their bodies to the limit.
The London Games were kicked-off with a stunning opening ceremony 16 days ago, and Olympics organisers have spared no expense in bringing out the big guns to send off the world's Olympians in style.
The closing ceremony's artistic director Kim Gavin says the event will be "the best after-show party that's ever been". It's a big call, but after the Opening Ceremony, only the brave would doubt him.
Expect to see some very famous faces throughout the morning, including The Who - with a rumoured appearance from cyclist Brad Wiggans - the Spice Girls, and even the surviving members of Queen.