To purchase something at a discounted price, typically via Groupon.com, for the sole reason of reselling the item for a profit.
A person buys concert tickets on Groupon for $20 (a $40 value!), then sells them on Craigslist for $30. Working the system in their favor, the person groupawned the concert tickets, enjoying them self a $10 profit.
by DirkJanowski November 21, 2011