1. Beating someone in a game, thus owning them.
2. Mastering someone in the mind, in a game, in life, and physically.
3. Getting a higher score than someone.
< person 1> -Tackles person 2 to the ground> Oh! Oh I OWN you! What now? Huh? Huh? What now?? Total OWNAGE!
<person 2> Yeah...you got me, ugh...I'm owned