is a site designed to allow you to showcase the stuff you own. You can list items that you actually own, or items that you would like to own on the site and add photos to those lists so people can see what you're talking about. The lists you create on meOwns can then be put into a widget that you can embed on your website or MySpace profile, or you can add a Facebook widget to display your items for your Facebook friends.
According to the site, the idea is is to bring people together through "the one thing that connects us all - the yearn to own!" While we're not so sure
any normal person
anyone would want to upload all the stuff they own to the site, the site could have some use in getting rid of the stuff you already own and don't want anymore. The widget could be an easy way to showcase your old movies, CDs, computer monitors, clothing, etc. for your friends, and mention things that they might own you'd be interested in taking off their hands in exchange.
One huge downside is that right now the site requires you to upload photos from your computer for each item you add. It would be nice to see them add automatic photos for things like DVDs and CDs that are going to always look the same so you don't have to upload a new picture for each individual item which gets annoying pretty quickly particularly if you have that crazy "yearn to own" they were talking about.