The United States has finally wrangled the overall medal lead away from China (37-34), and we're currently tied with the Chinese for most golds (18).
The Americans will have a great opportunity to pad the overall lead and surpass China in golds on Friday, when we will be expected to claim several podium spots.
It's going to be a slow day medal-wise outside of the pool, but luckily, the Americans have been dominant at the London Aquatics Centre thus far. You can expect the red, white and blue to come up gold in the following events.
Men's 50-Meter Freestyle
After failing to qualify for the finals in the 100-meter freestyle, Cullen Jones will look to get back on track in the 50-meter freestyle.
This is Jones' best event, and after his strong performance in the prelims, he looks primed to take home the gold. Jones finished second in the heats with a time of 21.95 seconds, then improved on that in the semifinals, taking first with a time of 21.54.
Jones will have some stiff competition from Cesar Cielo (Brazil) among others, but if he swims to his full potential, he will win his second medal of the London Games.
Women's 200-Meter Backstroke
Team USA will have two gold medal contenders in the women's 200-meter backstroke, as Missy Franklin and Elizabeth Beisel are both capable of winning it all.
They finished one-two in qualifying, and both have already captured some hardware in London. Beisel won silver in the 400-meter individual medley, while Franklin has won golds in the 100-meter backstroke and 4x200-meter freestyle relay, as well as bronze in the 4x100-meter freestyle relay.
Look for both women to be on the podium, with one of them on the top spot.
Men's 100-Meter Butterfly
Expect plenty of drama in this one, as it will be the last individual race in the legendary Olympic career of Michael Phelps.
After sputtering at the start of the Games, Phelps regained his swagger on Thursday. He outdueled Ryan Lochte to win gold in the 200-meter individual medley, and he crushed the competition in the semifinals of the 100-meter butterfly.
Phelps' qualifying time of 50.86 was 0.56 seconds faster than the second-place finisher. Look for Phelps to build on that performance and finish his individual Olympic career with a bang.