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1.
pw3ned is simply nerd terminology for owned. This word is mainly used in first person shooter games on the computer. Like Halo.
Wow you noobI just pw3ned you!
by Scarface982 May 07, 2006
 
2.
Faggy internet word for "owned". Mainly used by people with no friends, with massive toy collections and addicted to video games. "pw3ned" another word on the way-too-long list of retarded internet lingo used by a large group of sad indviduals.
"Oh SNAP my internet chat buddy you just got pw3ned."

"I am an internet wizard, who needs friends when you have an xbox? My favorite word is pw3ned."
by Use english dumb fuck. November 09, 2006