Chavez, who lost a referendum last month that would have greatly expanded his powers and institutionalized his version of "21st-century socialism," gave Campbell his views on a range of subjects.
He said President Bush was "completely crazy. But he's on his way out."
"We're seeing the fall of the empire. ... Like the fairy tale, the emperor is naked," he was quoted as saying.
Asked to name the world's most stylish leader, Chavez chose Cuba's Fidel Castro.
"Fidel, of course! His uniform is impeccable. His boots are polished, his beard is elegant," Chavez said.
Campbell asked if Chavez would appear topless in photos as Russian President Vladimir Putin has done.
"Why not?" he said. "Touch my muscles!"
The Venezuelan leader asked Campbell if she knew Prince Charles.
"I like the Prince," he said. "Now he has Camilla, his new girl. She's not as attractive, is she?"
GQ said Campbell would interview other high-profile figures in politics, sports and entertainment.
The full interview with Chavez is in GQ's February issue, to be released Thursday.
Campbell wrote that she had hoped to get a sense of "Hugo Chavez the man."
"I found him to be fearless, but not threatening or unreasonable," she wrote. "I hope Venezuela's relations with America will improve in the immediate future."
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