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1.
Another form of saying OWNED! However.. it adds the effect that there's an I in there.. SO it can double as "I OWNED" and so on...

Origin: An avid gamer, known only as Yoss, was the first to coin the term.
Yoss: "OMG NUT! I JUST IWNED YOU!"
Nut: "!@#$% Oh.. and I suck"
by Yoss December 05, 2006