Same meaning and function as the word own, only in a more powerful, satirical manner. Used only when the utmost owning has occured. Can also be put to use in its past/present tense: bowned.
"Son, you better quit before I bown you."
DragonLord, the uber L337, just got bowned by a newb at counterstrike!
1-a guy on the man time podcast
2-the name you say to applaud someone
bing:i have listened to every episode of man time
everyone: wooo! well done bown!