Pronounced powned. A deliberate misspelling of ‘ownâ€(tm). A player is pwned if he is beaten easily by his opponent. Often used as an exclamation by the victor, as in “Pwnd!†See gank.
Misspelling of own, which somehow stuck and became a word on its own. To dominate. Win.
(v) - To kill an opponent, usually in a dominant fashion "He got pwned by my Mac10 to the face"