The former Miss U.S.A., enjoying an Amstel light and a cigarette, told PEOPLE, "We had fun, and I did the best that I could do," even, if now, "it's back to reality."
Moakler said her Dancing workout helped her shed some of the weight she'd gained while pregnant with daughter Alabama Luella Barker, now 9 months old. (Moakler is currently divorcing Alabama's father, rocker Travis Barker, whom she married in 2004. They also have a son, Landon, 2, and Moakler has another daughter, Atiana, 7, with boxer Oscar de la Hoya.)
"I'm seven pounds lighter," she said. "I've lost some inches – my waist, my hips, everywhere. It's all good. I'm still voluptuous, curves in the right places. I want to keep dancing. Maybe Jesse can give me some lessons."
Though she heard her name in the bottom two, she says, "Jesse and I had a positive attitude about the whole thing. We knew going in that it's not just the way you dance, it's popularity and other numerous factors that come into play. But we were laughing and we made the best of it. It's Dancing With The Stars, it's not The End of Your Life."
And not only will she keep watching the show – "I'm going to come sit in the audience and cheer everybody else on. I've made some really good friends here" – but she plans to root for contestant Mario Lopez. "He was on Pacific Blue with me, so I've gotta stick with the alumni. And he's an amazing dancer, too."
And what does she plan to do next? "Disneyland! I'm taking my kids to Disneyland."