1. To be in an incriminating photograph. 2. To be photographed doing something that may jeopardize one's career, or one's professional or personal relationships.
Ex 1: "Awesome party last night man, but I need to get those pics. I really pulled a Phelps with that two-way they were passing around"
Ex 2: "Dude, Have you seen the Facebook pics from that party? Wesley totally pulled a Phelps with Jeremy's ROOR"
Ex 3: Michael Phelps is an expert at "Pulling a Phelps", as noted in many news articles in late 2008, early 2009, where he was photographed at a party with a bong in-hand.
The middle of nowhere; really far away.
When used to describe location, equivalent to BFE (Butt Fuck, Egypt).
Note: Timbukthree isn't always used to describe location in the traditional sense. See examples.
Example 1: We could go to my house, but I live out in Timbukthree.
Example 2: Man, He's gonna kick your ass from here to Timbukthree...