Is there really a five-second rule about food on the floor?

When you drop a piece of food on the floor, is it really OK to eat if you pick up within five seconds? This urban food myth contends that if food spends just a few seconds on the floor, dirt and germs won't have much of a chance to contaminate it. Research in my lab has focused on how food and food contact surfaces become contaminated, and we've done some work on this particular piece of wisdom.