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For children, this is an adjective used to describe the child for making a good grade in school. On a report card, if they received an "O" for Outstanding, rather than an "A", they are described as 'owesome'.

As a more mature word, this adjective is used to describe something so awesome, it makes you want to "oh!" (orgasm).
"Wow, Johnny got an 'A' for 'awesome', and his little sister got an 'O' for.... 'owesome'."

"Oh my God, Tomas was so owesome last night..."

"Wow, look at her owesome body!"
owesome by caniserre August 7, 2009
Related Words
owesome is an abbreviation of awesome.... usually used by people who have english as a second language. The term owesome was made infamous in New Zealand in the 90's by David Tua, when he appeared on Wheel of Fortune.
Quote David Tua: "Can I have an O for Owesome"
owesome by RobfromAuckland August 22, 2006
awesome with an o
(thanks to New York who thinks awesome is spelled with an o)
you are Owesome o...w...e...some
owesome by Hotpinkbarbie178 March 22, 2009
masturbation; sex with yourself
I bought a new porno and had a hell of a onesome last night!
onesome by burntham September 5, 2003
The act of wordmasturbation/word
I'm going to go have myself a onesome
onesome by Etan September 5, 2003
A word that can only describe Owl City. Because "Awesome" is too much of an understatement. Also the official Owl City hashtag.
Hoot Owl 1- "I love this Owl City song!"

Hoot Owl 2- "Oh, yeah? What song?"

Hoot Owl 1- "Deer in the Headlights."

Hoot Owl 2- "Omigosh! That song is so Owlsome!"
Owlsome by 1MillionFireflies May 26, 2013