What is Towned?
1.
A bastardization of the concatenation of "told" and "owned"
Oh dang...you just got towned.
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2.
Related to Owned. it's applied to people that uses cheats on counter strike: source servers.
Tower uses cheats. Tower has been banned from the server. he has been TOWNED.
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3.
A hybridization of "towed" and "owned." Used in reference to a situation where your car gets towed away and you get slapped with a huge fine at the most inopportune time.
"Man, Eugene got totally towned by Smitty's Towing Services this morning."
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4.
A bastardization of "totally" and "owned".
You didn't just get owned, you got TOWNED!