This originated from people misspelling "own." Own is a verb. It is used in online video games. Usually in FPS or RTS games when someone is killed or beaten in a game by another person in the game. If you tell someone you just killed, "You just got pwned!" Then they will take it very offensively. It was made popular when an employee from "Battle.net" made an error while he was making a map, and he spelled "own" as "pwn", and that is when people started pronouncing it incorrectly as "pone."
"There is no one that Ferratto can not pwn in an FPS video game."
by Brian Ferratto April 11, 2006
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PWN (verb)

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.
1. "I pwn these guys on battlenet"

2. "This strategy pwns!" or "This game pwn."
by Tactical Ghost September 01, 2003
Perfect ownage. Flawless victory. Schooled. Lesson taught. Owned beyond conventional words, and so excited about it, it's mistyped. Usually proceeded by noob.
We totally pwned them 2v2@LT~!
I pwn him, stupid noob.
Pwn the no0bzz!
by f.ucktard January 06, 2004
Stemming from the misspelling of the word "owns", being that the "p" key is right next to the "o" key. It does not mean the possesive "owns", but as in a form of domination, such as in a game or sport.
Dude, he pwns you at Halo.
He pwns all of you at basketball.
I pwn your sister... all night long.
by Mike November 03, 2003
Pronunciation: (pôn) Originally a misspelling of the word own, as in to totally have a skillful advantage over someone or something pwn is to more than just own; to pwn.
I pwn you you at Street Fighter.
by Archetype November 29, 2002
The word Pwn was originally a typo from when the writer wanted to say Own. Pwn is commonly used in internet games, for example: Counter-Strike. Pwn is used to explain that the player was badly beaten.
"He got pwned by the other team"
by Nick Gerrard February 07, 2005
A word, originating from a mispelled version of the word "own", used to describe a dominance of one person over another, usually in a video game.
"Killing Spree!!"
"AHHA! I PWN JOOR N00B ASSES!!"
by Graeme Howe March 30, 2005
pwn (vt. or vi.) 1. to defeat (someone)thoroughly or to a great extent 2. to outdo or outmatch (someone) past tense - pwnt or pwned ( ? < leet speak/gaming terminology p + (o)wn)
"I totally pwned." "That was pwning." "You got pwnt!"
by DJ May 04, 2003

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