Joey Chestnut -- I Could Be the Next Subway Spokesman (VIDEO)

Joey Chestnut says he may be nutty, but he would carry the Subway banner better than Jared Fogle for sure.

Joey was licking his wounds after losing another eating competition Saturday to Matt Stonie at the Day-Lee Foods World Gyoza Eating Championship at the L.A. Japanese American Cultural Center.

As for Subway, it's unclear if his selling point is that you can eat 50 12-inchers and still not gain an lb.