Phas gaye re Obama, or Phans Gaye re Obama is the title of a new Bollywood movie with Rajat Kapoor playing the lead. Phansna in Hindi means to get stuck or caught, and hence, phans gaye re Obama means Obama got stuck/caught, as in, in a web or trap.
The movie, earlier titled 'With Love to Obama' is a comedy with the recession and its effects in the backdrop.