"Pwn" has become part of the sub-language of gamers called leet speak, short for "elite." While mostly used by gamers, this language is also used by those who commonly partake of Internet Relay Chat programs and other chat mediums such as AOL Instant Messenger and Yahoo! Messenger.
Use as comedic device
Keep in mind that a certain amount of intuition should be used with this trick, and that it's an inexact science. As with most things, you'll probably screw it up.
It is widely believed the following formula can be used for cheap and easy comedy.
Get a picture of someone getting seriously hurt, degraded, or the aftermath.
There is no uniform way to pronounce "pwn" as it is most often encountered in text. The two most common pronunciations are (pōōn) (rhymes with "soon") which comes from pronouncing the "w" as in Welsh ,and(pōn) (rhymes with "moan") Other pronunciations include:
in some cases, with two syllables, as pay-ween or puh-ween.
It is to be noted that the only way to pronounce "pwn" correctly is the forth example, (rhymes with "moon"). Any other pronunciation will result in eternal damnation to hell, and/or nubitude.
Derivative words
Before using any of these words including "pwned" consider these 2 things
You are an idiot if you even read these words so close this window!
Pohned is synonymous with pwned
pwnd same, but shorter
Pwnage (Pwnij, Pwn4g3) means complete domination. The exclamation originated in the gaming culture.
Pwnzor (Pwnz0r) used as a different form of pwn, although they have the same meaning and usage, such as "I pwnz0red you."
Kwaned What happened to that skater chick when she got her knees beat with a lead pipe by a Burly man (note: only used by total idiots who don't know that this happened to Nancy Kerrigan and not Michele Kwan)
Pwnt is an alternate spelling of the past tense of the verb Pwn. An example usage would be "You were pwnt." Another variation is Pwn3d.
Pizwn3d (piz- followed by the preferred pronunciation of "-wn3d") is used as a more intense version of pwn, meaning that one has been "completely pwn3d". It derives from the hip-hop culture habit of adding an -iz syllable into words.
WTFpwned!? is widely used variant. Although its exact origin is unknown, it usually refers to an intensified "Pwned!" in a situation where it looked like the opponent was about to win, or a winning by a player that usually loses, or generally a surprising lose.
Also, J-Pwned. Adding J- to anything for emphasis, from the term J-Pop for popular Japanese music.
Qwned, pronounced "quoned" is a lesser-known derivative of "owned" and "pwned." It is intended to be somewhat satirical of "pwned" as it would be a very unlikely typo.
My Little Pwny is a more girly version of pwned.
Pizzone'd meaning to order numerous amounts of Pizza Huts pizzones and having them delivered to someones house so they have to pay for them.
Pawnd is typically used after raping someone in a game of chess using your pawns.
Prawnd is usually uttered while flinging crustaceans at someone.