In a discussion, the act of threatening to call another person in an attempt to get the other person to retract their story (often an uncreative, mostly unsuccessful, last ditch attempt for the threatening party).
James: Hey, so i got into an argument with my girlfriend and tried Phone-Baiting her.
Tom: Aww, dude. That's lame. Did it work?
James: Nope. She did leave me though.