Spoiler Alert! If you don't want to know how Phyllis will exit Y&R than I suggest you skip this article.
The spoiler floating around message boards is that Phyllis will learn Sharon tampered with Summer's paternity results, resulting in a cat fight between the two. Sharon will push Phyllis down the stair, leading to everyone’s favorite redhead to go into a coma, although some have mentioned that Phyllis will actually die (I’ve got my fingers crossed that this isn’t true).
Y&R fans have soap opera journalist Nelson Branco to thank for blowing the whistle on Phyllis’ exit.
Although many spoilers turn out to be accurate, I'm taking this one with a grain is salt. The main reason is because Branco has been very vocal about his dislike for Jill Farren Phelps and Josh Griffith. To get back at them he decided to reveal how Phyllis will be written out of the show. This makes me wonder if Mr. Branco is pulling the viewers' leg in hopes of getting them to stop watching Y&R.
Whether this turns out to be true or not, viewers need to enjoy the rest of the time they have left with Phyllis.