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The act of getting owned by the Plasco Trak Tardy Tracking system. This system has you scan an ID which prints out a late pass. This eliminates a teacher from having to write you a pass to class.

There is a great dispute between whether this makes you more or less late to said class.
"This sucks" - Friend 1

"What's up?" -Friend 2

"I just got Plascowned. Look at my ticket" -Friend 1

"Damn dude, I got Plascowned just last week for being 2 seconds late to class" -Friend 2
by Digiorno's Pizzeria February 09, 2011
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