Originally a misspelling, 'pwn' has come to also be considered a contraction of the 'Perfect Own" of an opponent.
History: Pwn first surfaced in online play in 1992 - 1993 when MMORPGs were better known as MUDs. Pwn reached it's peak as a standard term amongst game players around the time of Bungie's Battle.Net (1997-).
Pwn has been absorbed into other common online-originating language mediums since then, such as Leet Speak and Singlish.
Pwning, Pwnage, Pwned (past tense), Pwnt (past tense).
Phrack was PWNing back in '89
The back of my IPod Nano
pair of n00bs getting pwnd
pic of n00b getting pwn in halo on pc
1. An act of dominating an opponent.
2. Great, ingenious; applied to methods and objects.
Originally dates back to the days of WarCraft, when a map designer mispelled "Own" as "Pwn". What was originally supose to be "player has been owned." was "player has been pwned".
Pwn eventually grew from there and is now used throughout the online world, especially in online games.
2. "This strategy pwns!" or "This game pwn."
I pwn him, stupid noob.
Pwn the no0bzz!
He pwns all of you at basketball.
I pwn your sister... all night long.
"AHHA! I PWN JOOR N00B ASSES!!"