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."
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