Not to be confused with a 'P'zone'(pizza and a calzone, see also Pizza hut); this is a term used to combine "pwn" and "own". Its usage is similar:

1. To thoroughly and effortlessly defeat an opponent in an online competition or skirmish.
You just got !@&?ing pazowned.
by Rooster October 20, 2003
Get the Pazown mug.