To be utterly devastated twice in quick succession, leaving nothing but ruin. Much like the shambles of democracy left as a result of the event giving rise to this term.
"Oh man, did you see Ray? He just tried to get with those two hotties over there and got totally twin powdered."
"To top off my weekend, after getting my application to college rejected, my Mom found my porn files"
"Brraaaaaaaaoooooooooooowwwwwnnnnnmmm BOOOOOM"
"What the hell was that?"
"The sound of you getting twin powdered, haha!"