What the Hellmuth Does He Have?

Matt Vengrin opens the action with a raise to 2,400 from middle position. The player on the button calls, and action is on Phil Hellmuth in the small blind. He comes over the top with a reraise to 9,900. The original raiser puts in a third raise to 20,000, which is enough to force out the button caller. Hellmuth is not so easily deterred though. He pushes all in for a little more than 100,000 total. Vengrin has 40,000 chips behind and a tough decision to make. After a minute or two, he folds showing {Q-Clubs}