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1.
An intentional misspelling of "owned". It's more l33t than "pwned". YWNAGE!
"OMG I just ywned him with my glock LOLZ"
by Boush December 09, 2003
 
2.
A much stronger word that conveys the same message as "pwned." It was invented to mock people that play Counter-Strike.
BousH ywned us all.
by Katz December 14, 2003