1 definition by hairbands forever

Top Definition
An approximate 18" in diameter plastic, round container that is filled with crappy to mediocre (at best) quality beer. The recepticle is tapped, then is typically hovered over by a group of broke, underage college students who proceed to drink the equivalent of 8 beers out of their first 12 pack (or so they say). Traditionally, this festivity occurs around ones payday or b-day (when they receive money from their grandparents).
Hey everyone, I got paid today. Let's get a party ball in the dorm room and we'll be really cool. We'll have enough to keep drinking off of it for 3 weeks, when it's nice and rancid.
by hairbands forever October 17, 2008

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