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Origins stem from owned, ownage, ownt. The character 'o' is next to the character 'p' on the keyboard. It was formed when some anonymous original party [accidentally] hit the 'p' for the word "OWNED". It has the exact same meaning as the verb to own. The two words and their [derivatives] can be used interchangeably. 1. When a player is severely beaten by another player or party of players, in a game. 2. An expletive about a situation where something painful, embarassing, or bad happens to someone in real life. The main dispute with this word is its [pronunciation]. It is originally believed that the 'p' is an accident and therefore not pronounced. However, several pronunciations have become accepted: p'ownt, pwynt, pinnt, etc.
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