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1.
1) Similar to pwn, it is to own, one through a video game, or a competetive game.
Hey, Ethan, you just got Pwnzord!
by Nick Phalapalapajack G June 27, 2005
 
2.
a largen sword that often cuts those who are killed or beaten in video games, mostly counter-strike source or counter-strike 1.6
"Shit son, you just got sliced by the pwnzord!"
"Who just got cut by that pwnzord?"
"Dan the Hairy Man always cuts people with the pwnzord"
by KevinFederline June 05, 2006