Wonder Woman star Gal Gadot -- who was a recurring star in the fourth, fifth and sixth installments in the beloved franchise -- presented the honor with a heartfelt introduction that celebrated the series' growth and its impact on culture.
"Before I was Wonder Woman, I got a call that changed by life. I was asked to be a part of the Fast and Furious franchise," Gadot recounted. "The stunts may get bigger and crazier, but the heartbeat of the franchise -- the reason people keep packing theaters over and over -- is family."
"A diverse group of people that stick together no matter what," she continued. "Through on screen adventures and real-life tragedy. The Fast and the Furious is more then just a series of movies. It's become an undeniable part of our culture."
The extensive celebration of the franchise kicked off with a live performance of The Fate of the Furious' official anthem, "Hey Mama," performed by Pitbull, J Balvin and Camila Cabello, who delivered an electrifying, bombastic performance of the hit single.
"In 2002, I was standing on this stage and MTV had given Paul Walker and I an award for Best Duo," Diesel recalled. "Now, 15 years later, I'm with my whole family, and you're giving us the Generation Award."
After thanking Universal and the multiple directors who have helmed the various films in the series, Diesel made sure to thank the fans who have consistently turned out to make the franchise of the most successful in Hollywood.
"I gotta thank our generation. I gotta thank a generation that was willing to accept this multicultural franchise where it didn't matter what color your skin was or what country you're from," Diesel shared. "When you're family, you're family."
Diesel also made sure to pay tribute to his close friend, Paul Walker, who died in 2013, before the release of Furious 7.
"I could never stand on this stage and talk about Fast and Furious without giving love to my brother Pablo -- our brother Pablo -- we hope you're proud," Diesel concluded, holding the trophy up toward the heavens.