to win by an extraordinary margin; to get money by way of your winnings. applicable to all sports, not only swimming(which shouldn't count as a sport anyway)
by Hop Bloc October 27, 2008
Get the phelpsed mug.If you can acheive an orgasim in less than 30 seconds, there by beating your partner or partners. They have been "Phelpsed."
by ClementsCustoms October 9, 2008
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by Targetlocked October 11, 2008
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Get the phelpsed mug.by swimluvr October 11, 2008
Get the phelpsed mug.To have lost a race, such as a swim meet, by an incredibly small margin by someone's final burst, such as when Michael Phelps won the 100 meter fly by .01 seconds in the 2008 Summer Olympics.
by Mateo123456789 October 11, 2008
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