Descriptive word, used in the situation when one HAS been owned.
For example, the following would constitute a situation where someone was owned!!!
(Taken from zgeek's post list today)
One minute you are just cruising about, picking up chicks, listening to some pumping tunes... you know, just chillin'
Then all of a sudden, this fucking huge SUBMARINE comes from out of no-where and SMASHES RIGHT INTO YOU!!!
That is owned