At MTV's upcoming Video Music Awards on Aug. 24, Beyoncé will be honored with the prestigious Michael Jackson Video Vanguard Award. Tap to play or pause GIF Tap to play or pause GIF giphy.com It's a lifetime achievement award and has been awarded to artists such as Jackson, Madonna, and Britney Spears. This year, she tops the VMA nominees with eight nominations in categories such as Best Female Video and Video of the Year for "Drunk in Love." Tap to play or pause GIF Tap to play or pause GIF giphy.com She can put the award next to her 11 other VMAs. In case you haven't seen the magnificence that is "Drunk in Love," here it is: View this video on YouTube So, the next move is Beyoncé for president, right? Tap to play or pause GIF Tap to play or pause GIF giphy.com Get the cigars on ice ready, Bey.