A variation of the word "owned". The only reason that
this word came about was because of a typo, and given that
P and O are right next to each
other. It has nothing to do with combining words or anything of the sort. It is rumored to have come about from an early Warcraft3 map, in which
the creator meant to have a trigger say "Player X got ownd", trying
to use the "1337speak" variation of "owned", but hit P instead
of O, thus giving birth to "pwnd".