1) The act of spitting out semen after performing fellatio on a male.
2) Rather than spitting rhymes, spitting out semen (commonly on another individual).
(Friend 1): Dude! I just lost that race by a long shot
(Friend 2): I know right! You just got owaed on big time!
(Class Fuck 1): Oh my fucking god! My final is tomorrow and I completely forgot. I'm in a terrible owaetion.
(Nigga 1): I told her to swallow but she fucking owaed. it got all over my kicks man. That's one fucked up hoe.
(Nigga 2): heyeah nigga, she a straight owaer trick.
(Man 1): Don't owae, swallow that shyt.
(Nigga 3): She bouta owae! TAKE COVER!!!