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(verb)
To go above and beyond.
To beat all.
Similar to the verb "trumped"
"Hey did you see the game?"
"Yah, our team straight up phelpsed them"
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)
"I just phelpsed your shit son. Just go home."
To utterly dominate to the point of embarrassment of ones opponents.
Did you see how hard Michael Phelps phelpsed all of his competitors in this years olympics
Getting badly beaten in a race, prior to which you publicly taunted the winner by shadow-boxing in front of him on TV.
Wow. Chad le Clos really got Phelpsed in the Olympic's 200-meter butterfly final.
Getting beat by the smallest of margins, but still beat, sucker.
Dara Torres totally got phelpsed by that german chick.
If you can acheive an orgasim in less than 30 seconds, there by beating your partner or partners. They have been "Phelpsed."
I got off so quick last night, I Phelpsed that bitch!
1. To be put in your proper place.
2. To be humbled.
3. To be trumped.
I thought I was going to win the Tour de France, only to be phelpsed by that idiot Lance Armstrong.
I knew I would be phelpsed when I saw him enter the pool, he is the best swimmer in the world.