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1)When someone takes a pic or video of you in a copromising situation and publishes it to the net or media.

2)ALTERNATE MEANING: Taking a really big hit from a bong.
1) Michael Phelps got phelped when someone at the party took a pic of him hitting a bong and sold the picture to the media.

2) Yo that dude just phelped that bong!
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Phelpsian 

An adjective describing total and utter dominance in a certain area. Derived from Michael Phelps' dominance in the 2008 Summer Olympics in which he set a record for winning 8 gold medals.
Wow. John can only be descibed as Phelpsian. He beats everyone at everything!
Phelpsian by John Serafino October 12, 2008
Combining Oliver and James Phelps (George and Fred Weasley from the Harry Potter Series by J.K. Rowling) in a sentence. Instead of saying "Oliver and James Phelps," one would say "The Phelpsies are awesome."
"I adore the Phelpsies!" or "The Phelpsies rock."
Phelpsies by raininoctober July 25, 2007

Phelpsing 

When you fuck a house up so bad from a party it causes future parents to say no to their kids when asked about having a party
Hey did you hear about the huge fucking party mike had?”
“Nah what happened?”
“Like 150 people showed up and were phelpsing the fuck out of his house”
“Wow! Holy fucking dick cheese!”
Phelpsing by Ian the chink FTW March 18, 2021

Phelping 

Smoking cannabis out of a glass pipe.
-Hey wanna go phelping this weekend?
-Dude I was so messed up, I was Phelping all weekend.
Phelping by Stephen Kendall February 4, 2009

Michael Phelped 

To take off with a quickness. To Book it. To Jet out. jettin.
To leave very quickly, vacate as fast as possible.
We swam past all the jellyfish, high.5ed the buoy 20 minutes later and Michael Phelped it back like a mermaid out of the sea! We were so scared of the jellyfish.

M.Phelp it dude, the boat is coming!
Michael Phelped by Nadiathon. August 3, 2009
Members of the anti-gay group who protest at the funerals of American military personnel killed in Iraq, led by the Rev. Fred Phelps. Phelps believes American deaths in Iraq are divine punishment for a country that he says harbors homosexuals. The group finances their activities by suing churches and individuals by claiming impairment of their First Amendment rights and assault by angry and disgusted mourners.
"Those Phelpsies are some sick bastards and sure aren't Christians."
Phelpsies by Fallacy Slayer April 11, 2008