A chess piece of lowest value that may move forward one square at a time or two squares in the first move, kill enemies with bullshit aimbot K98 headshots, capture other pieces only on a one-space diagonal forward move,and be promoted to any piece other than a king upon reaching the eighth rank.
To lose all dignity in a vain attempt to conciliate financial debt by temporarily selling one's most valued possessions to good peoples for pennies on the dollar.
"Yeh, I wanna pawn dis ring." (or "Yes good sir, I would like to borrow some money in exchange for my ring.")
Jose Raul Capablanca pwned EmanuelLasker in their World Championship match in 1921
By Florenza
Pawn
verb- Full spelling of "pwn" an internet term (which has migrated in some cases to real life) referencing humiliating defeat. Such defeats usually come due to a lack of skill of the pwn'd when challenging the pwn'er.
The use of the word references the fact The one who was pawned was so utterly humiliated by the pawner that the pawned belongs to the pawner from now on. The Pawner however, esteems them of no worth and instead chooses to sell them off. Thus the defeated has been "pwn'ed"