A verb meaning "to guess a phrase merely by knowing the lengths of the words, any punctuation in the phrase, and the category (or other similarly little other information about it)". Derived from the idea of being able to guess puzzles on the TV game show when they are first presented, or with very few letters added.
The best example I have of a puzzle being "wheel of fortuned" is from an event at the 1999 National Puzzlers League convention. A large group event was prepared in which teams had to solve Wheel-of-Fortune-style puzzles by asking yes-or-no questions. Each team submitted a question in writing to the organizers each round, and received a yes/no response. Then all the questions that were answered "no" were read to the group. To solve the puzzle, the team simply submitted their guess as their question.

The first puzzle was intended to be "wheel of fortuned". It read:

_ _ _ _ ' _   _ _ _ _ _ _ _ _ _ _ _ _   _ _ _   _ _ _ _ _ _ (event)
(Answer as link)