Pwned
The total ownage and/or complete shutdown of a person, place, or thing. Derived from the word "owned" but is much cooler and more widely used. It was created because of an idiot who can't spell "owned" (and so therefore he was pwned)
Speaker one: We totally kicked @$$ in the game last night! Speaker two: Yeah, that team got PWNED!!
By A. Dumbledore