The point in a night of cheerful drunkenness, where one moves past the point of fuzzy warmth into "OH SHIT!" territory, and then all the fuckin dawgs get let out the pound. This feeling is usually followed by a hangover that will hit you harder than a punk-ass kid that doesn't know anything about bumper-car etiquette, or a .42 BAC.
Oh man, did you see Willie last night.. Total Shit Show. He must have experimented with at least 2 beers.