One of the definitions for the term [got]'owned'=when someone has been injured in a comical/funny way, or when someone has fallen victim to a practical joke.

This is similar or the same as one of the http://www.urbandictionary.com/define.php?term=played definitions for "played":

Played:
Made a fool of, chumped, taken advantage of.

The Urban Dictionary has another widely used definition of 'played' is "Outdated, obsolete, overused. Often refers to an idiom or colloquialism."

The http://en.wikipedia.org/wiki/List_of_slang_used_in_hip_hop_music entry for "played" agrees with the Yrban Dictionary. Here's its entry for "Played/Played out/Played yourself: (1) Something no longer popular or a current trend (as in a "played out" pair of jeans). (2) to be made a fool of (you got "played") or to make a fool of yourself ("played yourself"). Primarily used in the Northeast (NY, NJ, PA, etc), United States but also used on the Westcoast"

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Btw, these two online resouces aren't the only ones on hip-hop terminology, but these two sites have a pretty comprehensive listing of terms.

I find it interesting to compare and contrast the terms and definitions found in these two sites, along with listings found in print resources and other sites on this subject, especially resources that are more than 5 years old since words in hip-hop cultures change over time as do words in other cultures.