A word sometimes used humorously, like a verbal high-five, between good friends. Also a word commonly used in PvP games, such as World of Warcraft, etc.
Dude 1: "Bro, I just scored with Audrey."
Dude 2: "Owned."
Friend 1: "Man I just beat his ass in a duel."
Friend 2: "Owned. Even though you're a OP ret pally, ya asshole."
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