To be beaten in the last second in a competition while leading. Named after Michael Phelps' victory over Milorad Cavic in the 2008 Summer Olympics 100m Butterfly race, with a time merely 0.01 seconds faster. Phelps had never taken the lead the entire race until right at the finish.
Mario had the lead in Mario Kart DS, but right before the finish line, Luigi was drafting Mario's cart and phelped him for the victory.
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