View more of Combatlifestyle.com's coverage of the presser here. Tracy Lee gives context to the above picture:
"It was pretty humorous as Dan Hardy brought Mike Swick a trophy that said, Runner Up. When Mike stepped up to the podium his response was, "I'm glad I got runner up at the Press Conference. Looks like i'll be handing this back to you Saturday Night!!" You can check the UFC website for the video of it!!"
I haven't seen video of it, but if you find it please post in the comments.
UPDATE: Video of the press conference is here.