Watch the Stolen Phrases online guitar lesson by Frank Vignola from Essentials: Jazz Standard Soloing
This one starts on an Eb major. The original version then went down a half step to a D7 chord and back to the Eb or 1 chord. In this case, we substitute the Am7 and D7 making it a 2-5 combination. Moving up and onward, we go to the 3 minor or gm7, to the 6 dominant or C7. Then we move on to the classic bebop turnaround, which is the 3 minor (Gm7), down a half step to Gbm7, down another half step to Fm7 (2 chord), down another half step to E dominant 9 which is the tritone substitution of Bb7 (5 chord). The second half is the same as the first half except the last four measures, which is an Fm7 to an Abmin and home to the 1 chord (Eb).
The concept here is to take the rhythm of the melody (phrasing) but put our own notes instead of the original melody. You can do this with all melodies. It's a great way to learn how to phrase a melodic statement.