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1.
A phrase used in online games, when you are killing many people without getting touched, you are owning, therefore entitled to scream out "OWNAGE BISCUIT"
while killing more people, as soon as you are killed, the Ownage Biscuit phase is over and must be re-owned
RandomFace was killed by Gyroid
Ronin was killed by Gyroid
Shrill was killed by Gyroid
PlasticMolotov was killed by Gyroid
"OMG!!1! DIS IS TEH OWNAGE BISCUIT!!1!"
by Bill March 23, 2004