When an event occurs in which someone gets a good phelpsing, that is, they are beaten down, completely dominated, and possibly brought to tears as a result of said destruction. Coined from the total domination of Michael Phelps in the 2008 Beijing Olympics and brought about by the Facebook group "You Just Got Phelps'd."
Did you see that basketball game? Our team came in as the underdogs, but we Phelps'd the other team and won by 30. The they were on the sideline crying after the game while we were celebrating.