Miss Australia -- Thar She Blows ... a Condom

8/25/2009 2:35 AM PDT
This isn't just an awesome clip of one of the hottest women on the planet blowing up a condom with her mouth -- this is part of an Olympic event.

Several Miss Universe contestants participated in the Condom Olympics on Friday in the Bahamas, which was set up by YouthAIDS to raise awareness about HIV infection ... and we're pretty sure it worked.

Miss Australia Rachael Finch
is the one credited with blowing up the condom ... but you gotta watch the video to see if she had the lung strength to pop it.