1 definition by lilygreeneyes

Slapping a cell phone as though giving a high five, usually preceded by yelling "PHONE FIVE!" and used primarily when excited.
Barney: Ted, tonight we're gonna go out, we're gonne meet some ladies, it's gonna be legendary. Phone five!

(Barney does a high five with his cellphone.)

Ted's Voiceover: I had no idea why I hung out with Barney.

Barney: You didn't phone-five, did you? I know when you don't phone five, Ted!
by lilygreeneyes August 23, 2007
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