When one is caught doing something stupid they know they shouldn't be doing and a media record is made of such happening.
ex.) video, picture, sound recording
John: Oh dude last night was horrible! I can't believe Jodi found out I was cheating on her!
Kevin: For real dude. Mike straight up Phelps'd you.
or
Bob: YOU JUST GOT PHELPS'D
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(verb) To do something amazing. A positive statement.
Hey Johnson, great job on the Warner account, you really phelps'd it!
OR
Michael Phelps just broke another world record....he really phelps'd it!
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