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A combination of the word "ippon" and "owned".

Ippon being 1 point awarded in a Judo competition for a perfect throw.

Owned obviously being the overused word on the internet for owning somone....
Local Judo competition, Uki get's slammed to the mat perfectly, ending the match.

Uki: "Dude, I was just ippowned!"
by FlatLine84 February 07, 2006
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