The act of being badly defeated at video games or various sports. The term originally derived from the "
1337" language which was created by nerds who were good at video games and nothing else. The term was then brought off the
internet and various online games and into the
light of the outside world where normal people picked up on the new word and started to use it. This term is now used across the United States and other English speaking nations. The word was first owned, then turned to own3d by a minorly clever gamer, and then turned to pwn3d with the accidental pressing over the
P key instead of the O key as a result of typing too
fast.