[HairOfTheDog]

Long shot Giacomo wins Kentucky Derby - Horse Racing - MSNBC.com

There's small res video at MSNBC, nowhere near clear enough to see anything on.

Where and what was seen?

[MissTargets]

After the race, on the back stretch. It was either the pony person or the reporter along side Giacamo. You could see something fly out behind them. My daughter and I both noticed it. I couldn't find any mention of it anywhere.

[Roccus]

I have no idea what it was, but as Giacomo was picked up by an out-rider after the race on the back stretch, something dropped to the ground. Dial-up here, so I can't view the video.