Wiktionary
interj. (context idiomatic English) stop; wait; woah. What's this? look at this! vb. To hold; to wait for someone at the other end of a telephone connection.
Usage examples of "hold the phone".
He let her hold the phone and made himself a strong drink from the bottle of gin and tin of grapefruit juice in his desk.
My hands shook so that I could hardly hold the phone and when Dan finally came on the same shake was back in my voice.
Then I heard a man's voice, yelling so loudly that I had to hold the phone away from my ear.
It helped to hold the phone cable, as it became his eyes and gave him more to focus on than the pain.
When Fiske told him what he had done, he had to hold the phone away from his ear.
His words were uttered so loudly that I wasobliged to hold the phone three inches from myhead.
Brock shuddered and felt for a second as though he couldn't go on, he couldn't tell any more, he didn't have the strength to hold the phone anymore.
Three scrawny women were directly behind him, three weird sisters, hold the phone.
Just hold the phone a minute longer, I've got something to die here.
Once upon a time the fellow on the other end would simply have said, 'Hold the phone, willya?
He wanted to give Roy Johnson the I address of the bar, so he told him to hold the phone a minute ] and ran out to see, and to do this he had to rush pellmell through a long bar of brawling drinkers in white shirtsleeves, go to the middle of the street, and look at the post signs.