This word is derived from the man Michael Fred Phelps. As you all know in the 2008 Beijing olympics, this swimmer dominated the watercube in earning a remarkable eight gold medals in just eight races. His legacy will live on forever and he will go down in olympic history as one of the best swimmers and athletes to ever live. Anyway... "phelped" means getting owned. its just another word for it but it makes great sense and its great lingo to throw into your daily diet. use it often, you wont be sorry :)
1. Tom and his friends are playing cod4, and loses pretty dramatically. The other gamers, here, have the rights to say phelped.
2. if someone gets their ass kicked in a race, game, event, or real life, people around them have the oppurtunity the snap their fingers at him or her and yell "PHELPED"
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