To get pwned/owned in a sexual manner, and as a result, pronounced "Boned".
Varying forms include: Bwn, Bwnt, Bwned, and Bwnd.
1337 p14y3r: H3y n00b l3t'5 pl4y mg0 n40 1v1!!!!!1
Me: Kk. I'll bwn you.
1337 p14y3r: 0'r1y!!!!11
*5 minutes later*
Me: You got bwned, b1sh.
1337 p14y3r: QQ QQ QQ QQ QQ QQ QQ QQ