The 1992 NBA All-Star Game was the 42nd edition of the All-Star Game. The event took place at the Orlando Arena in Orlando, Florida. The West defeated the East, 153–113. The game is most remembered for the return of Los Angeles Lakers legend Magic Johnson, who retired before the 1991–92 NBA season after contracting HIV. Johnson won the MVP award after winning memorable one-on-one showdowns with Isiah Thomas and Michael Jordan and then sinking a long three pointer to close the game, as the final 14½ seconds that remained on the clock were not played.

The 1992 NBA All-Star Game was broadcast by NBC for the second consecutive year.

The 1992 NBA All-Star Game was played amongst some of the best players of the East and West conference teams. Several of the players in the All-Star Game were members from the historical Olympic basketball team known as the "Dream Team". Amongst these elite players, was one athlete who stood out from everyone else, Earvin Johnson, also known as Magic Johnson, who just came out of retirement. Also among the NBA All-Star Game, were the famed players Michael Jordan, Isiah Thomas, and James Worthy, who helped to prove that the 1992 All-Star teams were statistically the best teams to have played.

The players on the East Conference were Michael Jordan from the Chicago Bulls, Isiah Thomas from the Detroit Pistons, Patrick Ewing from the New York Knicks, Scottie Pippen from the Chicago Bulls, Charles Barkley from the Philadelphia 76ers, Mark Price from the Cleveland Cavaliers, Brad Daugherty from the Cleveland Cavaliers, Joe Dumars from the Detroit Pistons, Reggie Lewis from the Boston Celtics, Dennis Rodman from the Detroit Pistons, Michael Adams from the Washington Bullets, Kevin Willis from the Atlanta Hawks, Dominique Wilkins from the Atlanta Hawks, and Larry Bird from the Boston Celtics. Together they scored a total of 113 points. On the West there was Magic Johnson from the L.A. Lakers, Clyde Drexler from the Portland Trail Blazers, David Robinson from the San Antonio Spurs, Karl Malone from the Utah Jazz, Chris Mullin from the Golden State Warriors, Tim Hardaway from the Golden State Warriors, Jeff Hornacek from the Phoenix Suns, Dan Majerle from the Phoenix Suns, Hakeem Olajuwon from the Houston Rockets, Otis Thorpe from the Houston Rockets, Dikembe Mutombo from the Denver Nuggets, John Stockton from the Utah Jazz, and James Worthy from the L.A. Lakers. They scored 153 points for their team.

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