[MunchkinMan]

Originally Posted by munchkinvince

Wrong. The monster is not defeated, it is discarded. Because if it had to be defeated, levels would be rewarded.

Hmmmmm. I'm not wrong. I want you to read this section of the FAQ I wrote about 5 years ago:

Important Note #3: "Defeated" versus "Killed" versus "Lost"
For the purposes of the game, "defeating" a monster involves beating it in combat or removing it from play in such a way that you do not have to Run Away. This means that if a Wizard casts a charm spell, or a munchkin uses a Pollymorph Potion, or something else happens that ends a fight without the munchkins Running Away, the monster is defeated. "Killed" means that you defeated the monster with your Level and bonuses in combat, or used some card or special ability that specifically states that it kills the monster. For this, you get levels and Treasure (since you did defeat it, you know). Some Monsters say that they can be defeated immediately, based on circumstances. Unless the card says otherwise, this usually means an instant kill of the Monster, so you would get levels and Treasure in those situations, too.

However, even in a case where a single monster is instantly defeated, other players get a chance to play Wandering Monster to add a new foe that you must defeat before claiming the spoils.

"Lost" means that you are just not buff enough and you gotta Run Away like a little chicken.