a played out word used by WOW players and other general losers that live on their computers in a fantasy world they created for themselves. they seem to believe what they do online in these various games has some bearing on real life. users of this word are usually picked on in school or their work place and look up to people like the columbine and va tech killers as their idols. this is due to the fact they think they can talk to people in real life the same they do on their little games. reality then sets in and making actually human friends outside of their virtual world becomes immensely difficult.
loser: i totally pwn'd that guy!
me: shut the fuck up...get off that computer and get a life! and for the record you don't "OWN" shit...bitch.