Even at the Fox Reality Channel Awards, we believe it is better to keep one's private areas covered.
If for some reason, like belt failure or a malicious pantsing, you find yourself in a situation where your skivvies are showing, the correct response is to duck your head, pull up your pants, and spend the rest of the night acting like it never happened.
The incorrect response is to to throw one's arms in the air and shout, "Check out this Italian sausage!" the way that "Reality television personality Dominico" is doing, for that would be both the depth and height of bad taste.
Also, what a surprise! We didn't know they made Italian flag undies in size extra-small.