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!
by menendez a.k.a. erock-stallion February 06, 2009
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The term applied to a skateboard being stolen. Related to the day Jake Phelps, head of Thrasher magazine, had his board stolen only to find a video of the board on youtube being skated better than he could skate it.
"I got my board stolen, and i saw the guy with it tre flipping a huge 6."
"Dude, you got phelped."
by 415and510 October 14, 2009
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Refering To Michael Phelps.
When Someone Unexpectedly Beats You In Something That You Are Bound To Win.
-Did You See Phil Lose In The Last Seconds Of The Game?

-Yeahh Mike Came Out Of No Where And Beat Him.

-Dang, He Just Got Phelped.
by Phelps Wifee. August 16, 2008
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To be beaten in the last second in a competition while leading. Named after Michael Phelps' victory over Milorad Cavic in the 2008 Summer Olympics 100m Butterfly race, with a time merely 0.01 seconds faster. Phelps had never taken the lead the entire race until right at the finish.
Mario had the lead in Mario Kart DS, but right before the finish line, Luigi was drafting Mario's cart and phelped him for the victory.
by Phelps_Is_God August 18, 2008
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1. (verb) - the act of farting during anal sex.

2. (noun) - Fred Phelps.
by PartOfTheNation September 21, 2011
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1. (verb) - The act of farting during anal sex.

2. (noun) - Fred Phelps
Fred phelps, which is disgusting.
or
I heard Fred phelps. so I'm never having sex with him
by dwarrel September 22, 2011
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