Originally coming from the word "pwnd" but this form of it is acceptable as well most likely because this is how you pronounce it.
The word itself means humiliating/defeating/achieving significant victory over someone, but this is how druids in World of Warcraft say "pwnd" due to them being able to shift into forms like cat/bear which have paws.
Druid: I pawned that warrior.
Random class: That druid pawned me.
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