The act of being badly defeated at video games or various sports. The term originally derived from the "
1337" language which was created by nerds who were good at video games and
nothing else. The term was then brought off the internet and various online games and into the light of the outside world where normal
people picked up on the new word and started to use it. This term is now used across the United States and other English speaking nations. The word was first
owned, then turned to own3d by a minorly clever gamer, and then turned to pwn3d with the accidental pressing over the P key instead of the O key as a result of typing too fast.