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Phelpsing it

To choke at the end of a race. Named after a choke by Michael Phelps to lose a race at the 2012 London Olympics.
The swimmer was Phelpsing it it by slowing up at the end of the race.
by Sajak July 13, 2014
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Phelpsing it up

to allow other people to take incriminating pictures of you.
by LOC27 February 2, 2009
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Phelpsin' It

Specifically, to hit the bong. However, can be used as a general term to describe any type of weed smokin.
Dude is was totally phelpsin' it last night when my parents were out of town
by Stephen Strouse March 17, 2009
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