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When you "own" someone and they do something to "own" you back.

Basically, it's temporary ownage.
superduperr0flman_x: wtf? how did you headshot me like that?
masterofawesom3: hahaha owned.
masterofawesom3: oh shit! you did it back to me!
superduperr0flman_x: hahaha you don't own me.
masterofawesom3: rented. :(
rented by superduperr0flman_x August 28, 2004
Not to the extreme that is being owned.
person a: dude. this sucks.
person b: so do you. RENTED!
rented by collin miller September 12, 2003
To have/ believe something for a short period of time. To not be fully convinced.
He wasn’t sold on it, he rented the idea.
Rented by Cole205 February 1, 2020

Rented Mule 

1- Any mule that is only available for a limited time;
2- Any person taking a particularly auspicious beating.
I will beat you like a rented mule.
Rented Mule by Matt Amazo January 18, 2008

rented by the hour 

The line originally comes from the musical Cabaret’s title song. It is used as a metaphor for sex work.
She wasn’t what you’d call a blushing flower
As a matter of fact she rented by the hour

rented lips 

The resulting slurred speech from depressant substance abuse. Being under the influence of a narcotic agent at a noticeable dosage.
Don't even try to talk to Lisa, the bitch has rented lips - AGAIN!

These damn rented lips are makin' hookin' up bery disicult.
rented lips by Thomas&Janice June 13, 2006