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.
by MisterKMisterK May 05, 2005
The Act of Giving/Receiving Poon
"She's going to give me poonage"
by Andy So. February 02, 2008
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.
by bewls April 20, 2009
A fine piece of tail.
K's old lady is one hot bit of poonage.
by Zonker Harris May 10, 2005
In the UK, used to describe the lots of poon in one place.
There's bear poonage at this party!
by Dr Rich March 30, 2006