1. (noun): when a person is on fire
2. (verb): when having coital relations in the missionary position, at the time of the 'tops' ejaculation (the exact moment of euphoria) the top must fart while the 'bottom' partner lights the 'top' partners fart, ending in a triumphant cacophony of cathartic indulgence. To truly 'flame a Felipe' the act must be videotaped or otherwise digitally captured.
I was having sex with him and he asked me to give him a Flaming Felipe. It was so hot and sweaty.