A group of friends, including Jason Nash, held a dunk tank competition at Scotty Sire's backyard in Studio City, California. The competition had a bracket system with eight participants, and the winner would receive a cash prize of $300. Addison Ray's absence was noted, as her presence would have increased the prize to $1,000. The competition was filled with humorous moments, and Jack ultimately emerged as the winner, defeating Caleb in the final round. Jack's victory was unexpected, and she was awarded the $300 prize.
Here are the key facts extracted from the text:
1. The event is a dunk tank competition.
2. The competition is held in Studio City, California.
3. The event is hosted at the backyard of rapper and celebrity Scotty Sire.
4. There are 8 people participating in the tournament.
5. The winner of the competition will receive a cash prize of $300.
6. Addison Ray was supposed to participate but did not show up.
7. The competition is a bracket system, with one-on-one matches.
8. The participants include Todd, Mike, Caleb, Scott, Jason, Jack, Jay, and Matt.
9. The competition is being recorded and will be edited into a video.
10. Jay Walker is a familiar face on Jason Nash's channel.
11. Jay Walker has an audition in two hours and is "fully in character" for the competition.
12. Jack wins the competition, beating Caleb in the final round.
13. Jack is awarded the $300 cash prize.
14. The event is referred to as the "First Annual Vlog Squad Dunk-a-thon".