Pwns was originally a typo in Wow, when a player killed another, you would see
You just pwned player X
Dude, this burrito pwns!
NEVER SAY PWNS OR PWN OUT LOUD! YOU WILL LOOK AND SOUND LIKE AN IDIOT!
only type it
dont say (out loud): dude, this burrito pones!
Originally a misspelling, 'pwn' has come to also be considered a contraction of the 'Perfect Own" of an opponent.
History: Pwn first surfaced in online play in 1992 - 1993 when MMORPGs were better known as MUDs. Pwn reached it's peak as a standard term amongst game players around the time of Bungie's Battle.Net (1997-).
Pwn has been absorbed into other common online-originating language mediums since then, such as Leet Speak and Singlish.
Pwning, Pwnage, Pwned (past tense), Pwnt (past tense).
Later usage: "0mg 1 kil u!!11!1! pwnt"
Current usage: A:"If you work on your aim, you will get more kills." B: "pwnt" C: "Yeah, I suppose we need to learn." B: "OMG LURNIN IS FAEL pwnt pwnt pwnt"