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It's the combination of these 2 terms, "Troll" and "Owned" - when a troll fails and gets owned, it's called "Trwned".
Troll: aye biiiiiiiatch wanna see my diiick?
Girl: lol sure, then you wanna see mine?
Troll has left the room
RandomUser: Trwned his ass hahaha
by aliaz July 14, 2011
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