1. Much like pwned but a whole cake of pwnage.
2. A term used to to declare one's superior skills. Most widely used on the internet.
3. When pwned simply isn't enough.
you want a slice of some pwned cake?
A term derived from Leet. Used to claim ones absolute superiority over the other in every way shape or form. It is also an anagram of Meel.
l33t dude: i just pwned him
his friend: yea your da shiiieet
l33t dude: yea, i'm leem