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Used primarily as a declaration of superiority in a verbal encounter. Similar to 90's "Suck it!" and "Gotcha" and declared with an "In your face!" attitude.
From the NBC hit-comedy 30 Rock:

Jenna: First, I was great in that "Arliss!" Second of all, if the president is so serious about the war on terror, why doesn't he hunt down and capture Barack Obama, before he strikes again? Its time for a change, America. That's why I'm voting for Osama in 2008!

(Liz collapses. Chris Matthews is speechless.)

Jenna: Oh no comeback? YA BURNT!
by C. Hamrick-Vedder May 21, 2008
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Originated in Pittsburgh, PA. Meaning "No" or "You Disagree with"

dude 1: "Lets go play in the snow even though its cold as hell"
dude 2: "Yea.......Ya Burnt"
by H.Peezy March 19, 2008
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When a person is lying; Not telling the truth.
Bob said,"I heard you were with another guy yesterday! Mary replied," No Susy and I went to the mall today." Then Bob said Ya' Burnt!
by Specialedstew December 16, 2011
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