Explain this line

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That line comes at the end of the coin collection scene, which is the pivotal scene in the movie where Larry determines to go through with killing Owen's mother. In the scene, Owen magically transforms from a cartoon character to 100% human when he talks about how much his father meant to him--even to the point of the spare change coins that he kept from their times together as being the most valuable things in his life.

The father is the contrast to Momma, who is portrayed as a horrible, spiteful person. She is just the type of person to name her son "Owen" (or anything else for that matter), when her husband wanted to name the child after himself. She was an evil, spiteful person who wouldn't even let her husband have the joy of naming their son after himself.