1st Krusty Awards

The 1st Krusty Awards ceremony, presented by the Academy of Undersea Arts, honored the best of films of 1996-2000 and took place June 18, 2000, at the Bikini Bottom Recreation Center in Bikini Bottom. During the ceremony, the Academy of Undersea Arts presented Krusty Awards (sometimes referred to as Krabbies) in four categories. The ceremony was televised in the Pacific Ocean by OBC. Actor Eugene H. Krabs hosted the show for the first time. The Adventures of Mermaid Man and Barnacle Boy was nominated for two awards, winning Best Television Series, Goo Lagoon won Best Picture, rock band Ned and the Needlefish won Best Musical Group, and actor SpongeBob SquarePants, who later hosted the 4th Krusty Awards, won Best Stated Quote from a Television Series or Film. The telecast garnered almost 47 million viewers.

Winners and Nominees
The nominees for the 1st Krusty Awards were announced on February 15, 2000 at the Glacial Theatre in Glacial, Pacific Ocean, by James Swapston, president of the Academy, and the actor and producer James Braincoral. Films or television series receiving the most nominations were The Adventures of Mermaid Man and Barnacle Boy with three, followed by Crustacean Crime Theatre and As The Tide Turns with two. The winners were announced during the awards ceremony on June 18, 2000.

Awards
Winners are listed first and highlighted with boldface

Multiple Nominations
The following three television series received multiple nominations:
 * Three: The Adventures of Mermaid Man and Barnacle Boy
 * Two: Crustacean Crime Theatre and As The Tide Turns