Best definition
(Pronounced lol bawned)
A way to publicly harass someone VERY VERY loudly who you have just beat at something that involved

intense competition. (note: LOL BONNED must be yelled at the top of your lungs)

Halo Player 1: I’m gonna own you.

Halo Player 2: No, you’re not.

*Halo Player 2 wins*

Halo Player2: LOL BONNED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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