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Third Place Victory 

A phrase literally meaning 'celebrate the underdog'. The phrase was invented and championed by the British pemo band of the same name.
Morgs celebrated his third place victory like he'd come first
Third Place Victory by HansTracie February 20, 2011

Third place friend 

When you or another person is always third place when there is a friend ranking.
Hey! You are my third place friend! Right after Sheila and Kobe!
Third place friend by Pop13 May 4, 2023

Eating third place brisket 

When you strike out all night so take the heavy girl home and then perform oral sex on her.
I was eating third place brisket and she almost suffocated me.