It's possible:
* It's a colloquialism or nickname: Within the West Point community (US Military Academy), a particular method or guideline might be informally referred to as "the Rule of Three." This would be something only known to those within that specific context.
* It's a misremembered or conflated term: The person mentioning it might be misremembering the name or confusing it with a similar principle taught at West Point related to problem-solving, leadership, or military strategy. There are many principles of three in military and leadership thought (e.g., three levels of leadership, three-pronged attack, etc.), but none are universally known as "the West Point Rule of Three."
* It's a fabricated or fictional reference: It could be entirely made up.
To find out what it *might* mean, you'd need more context. Where did you hear about the "West Point Rule of Three"? Knowing the source would help determine its actual meaning.