A play on iPod that just changes the 'o' to a 'w' for those '1337' speaking losers who think that stuff is cool. Bootleg iPods tend to have that as the logo. If you see an iPod that has iPwn on it instead, it might not be smart to trust it.
Slash: Look at my new iPod, its da shiz.
Torch: No, thats a shitty iPwn, look at that w.
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