Meaning "pure ownage", often used to describe how well a gamer defeats another gamer.
Also has references to the game of chess where a pawn is the weakest piece on the board and easily taken.
May also have origionated from a misspelling of the word owned, the p and o are together on the keyboard - however this is not a definition!
The weak character was PWNED by the strong character, the weak character died within a few seconds and it was very funny (to a gamer).
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