1) Shortening of "Oh wow!" for Internet emphasis.

2) Shortening of ow ow. An example of a cat call.
1) owow that is pretty much the coolest thing I've seen this week.

2) So I was like, "owow you a fine girl," and she starts swingin' her purse around like she tryin'a start a fight.
by Amsel March 4, 2016
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An act or event that should hurt, but soon doesnt and ends up being hilarious for all involved. Usually ends with the realistaion of "wow, that was fun"
He smashed his head against the pole, but it was an owow so it was pretty funny.
by [SideshowBob] November 17, 2007
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