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being use commonly in MMORPG's and Counter - Strike. For example killing/owning someone.
nVidiafX had just p4wned diablo for extra gold.
p4wned by Nick May 7, 2005
Related Words
The incorrect way to pronounce "pwned". The actual way to pronounce it is "pawned", as the O is being REPLACED by the P, as opposed to being latched on to the front of the word.
Guy 1: You got powned!
Guy 2: It's pawned or pwned..
Powned by 5449 June 2, 2009
"Yeah, his girlfriend dumped him."
"Haha he got pawnd."
pawnd by Alpha Centauri July 2, 2004
The console command to pwn someone, or inform someone that they have been pwned.

In the Quake 3 engine, and others, the forward slash is used to denote that you want a cvar command (if you typed it without the slash, then it would be a "say" command, and broadcast to everyone in the game).

/pwned may be said on purpose rather than commanded to show emphasize the action of the pwnage without using many exclaimation marks, 1's, and oneoneones.
N00b: *shoots Kenthar with N00b Cannon* h@h@ l00ser. y00 di3 + i w1n!!!111!11oneone!!11!11oneone!!11111exclaimation pointexclaimation point!!11one
Kenthar: *While N00b is typing, knifes him in the back of the head* /pwned
N00b: OMG Typekiller! *leaves*

or

Admin: /pwned n00b
Server: N00b has been PWNED!
N00b: Abusive admin!
/pwned by Kenthar March 8, 2004

dot dot dot pwned 

An extreme pwn.
Two people have to declare it, one says “dot dot dot,” and then the next says, “pwned”
~Monarch Volleyball comes back from a 14-21 deficit to win it all~
Mike: Dot dot dot
Jack: PWNED

Mike: Jack, I heard Jeremy was taking your sister to prom?
Jack: WHAT THE FUCK?!?!?!
Mike: Dot dot dot
Russell: PWNED!!

~n00b shots MK2K in back~
n00b: hahhaha I k113d U !!!111!one!!won!!11!
~while n00b is typeing, MK2K proceeds to sneak up behind n00b and slit his thought~
n00b: 7YP3 KI113R TYP3R KILLER, 7HI5 IS G4Y!!!!one!!11!
~n00b leaves game~
MK2K: Dot dot dot
Jester35: pwned
dot dot dot pwned by Mizike May 24, 2005
to have been criticized (usually applied to art in the media such as music and movies)
Howard the Duck was universally panned for its awful writing, uninspired acting, and complete disregard for the source material.
panned by Atli November 10, 2008