Like "owned" or "pwned", it is a word which describes a win of some sort. Often used when happy about beating an opponent in a computer game.
OMG I just laid some leet poonage on Zonker.
The Act of Giving/Receiving Poon
"She's going to give me poonage"
That asian broad has some good poonage.
ones ability to obtain alot of poon in one specific place
timmo says to patto man this party is rocking with hot birds hey time for some poonage.
K's old lady is one hot bit of poonage.
In the UK, used to describe the lots of poon in one place.
There's bear poonage at this party!