88 vs 2 limpers 3 calls

[l0gician]

These spots confuse me, especially vs lp's. Is this a standard fold?

Full Tilt Poker $0.25/$0.50 Limit Hold'em - 6 players
Hand Converter Tool from DeucesCracked.com

Preflop: Hero is Button with 8[img]/images/graemlins/spade.gif[/img], 8[img]/images/graemlins/heart.gif[/img]
UTG calls, MP calls, CO folds, <font color="#FF0000">Hero raises</font>, SB folds, BB calls, UTG calls, MP calls.

Flop: (8.40 SB) Q[img]/images/graemlins/spade.gif[/img], 7[img]/images/graemlins/spade.gif[/img], 5[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(4 players)</font>
BB checks, <font color="#FF0000">UTG bets</font>, MP calls, Hero folds