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To have lost a race, such as a swim meet, by an incredibly small margin by someone's final burst, such as when Michael Phelps won the 100 meter fly by .01 seconds in the 2008 Summer Olympics.
Dog, he just Phelpsed your ass!
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."
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.
To push away hard and then turn around and go in the opposite direction (like a swimmer at the edge of the pool)
My ex-boyfriend tried to hug me and I totally Phelpsed him.