Of exceptional quality or beauty, or otherwise acute, intense, or effective. Used briefly in Southern California youth culture in the late 70's and early 80's, possibly among the skater community.

Got the covid-19 vaccine

When a player on a video game gets owned hard.
Either with a head shot or another type of ownage.

when one is hyper and stoned at the same time. Various reasons could be one just drank too much of an energy drink and is acted stoned, although is not truly stoned and the other is the person is just hyper and actually stoned.