An irc (Internet Relay Chat) meme that originated from #kbo, a well-known chat available through said irc.

It is most commonly used to replace the phrase "owned".
Gamer1: I got spawn camped again! This game sucks!

Gamer2: IWBED.
by SomethingDifferent July 25, 2012
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Inside the Waistband
A weapon holster worn Inside the pant's WaistBand.
OWB is worn Outside the WaistBand
I just purchased an IWB holster for my Glock 27
by 92Bravo December 10, 2007
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I win button. In some mmorpg games is the supposed button to make a insta kill in other players
Stop crying, nobody has IWB in this game
by Saxifrage May 23, 2005
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guy 1 : damnn.. shes bomb!

guy 2 : werd.. IWB
by humgahchan December 24, 2009
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The name given to an individuals Facebook account with which they use to follow members of the opposite sex in order to achieve sexual arousal.
Example 1:
Boy - "How would you like to become a member of my IWB?"
Girl - "Sure! What is it though?"
Boy - "Never you mind...."

Example 2:
After a tiresome day at work, Dave relieved himself with the aid of his Interactive Wank Bank (IWB).
by IWB April 12, 2013
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