What is Owns Ponies?
1.
The term describes something that is exceptional, or awesome. It is derived from "pwn" which is ultimate nerd internet ownage. To own ponies is to do something amazing or be amazing.
The reverse of this, sucking, is to "blow ponies".
"She let me get to third base on the first date! Third base totally owns ponies!"
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A shit that looks like soft serve ice cream that is so large in volume that it actually sticks up out of the toilet water forming a volc..