owned 

It's origins lie with the hacker community who would refer to taking control of a computer, effectively 'owning' it.
Hackers plays video games too, so the crossover is obvious.

Incidentally, this also the origins of l33t speak. Before teens got hold of it as a 'cool' way of talking, it was used to avoid automatic search routines looking for key words.

'I totally owned their mainframe! w00t!'

owned by Hendar23 December 9, 2008

owned 

To do or say something making another person seem severely beaten or embarrased

< robT> Name ONE thing that your windows comp can do that my MAC cant
< bawss> Right click.

owned by f0gg0 May 13, 2005

owned 

The ruling on Saddam Hussein's court case for him to be hung, after he begged for a firing squad.

See: Defenition of owned

owned by Bryce M November 5, 2006

Owned 

Somebody get the upper hand over you and kicks your ass in any type of contest. Words, physical, computer, sexual, don't matter.

P1: You dude, I just got 120,000 on Tetris!

P2:450,000, OWNED!!!!

Owned by Illness April 6, 2004

Owned 

To be utterly destroyed or humiliated. Often used in online gaming and most specifically in first-person shooters. See pwned

Gamer1: Oh man, he had rockets and I sniped him right in the face. Owned!!
Gamer2: That's nothing. I owned my friend yesterday when I put laxatives in his Gatorade.

Owned by ShaneDaley June 7, 2007

owned 

Word used by geek to proov themself they are cool.

Geek: ROFL I owned this bitch on WoW!

owned by Synnss March 29, 2007

owned 

defeated, lost, humiliated. To be the butt end of a joke.

Scotty was owned when Jared nuts were dropped on his chinny chin chin.

owned by marc March 9, 2005