The non-athlete participation in the Olympics that includes drinking excessively everyday whether there is an appropriate Olympic event to cheer or not.
Participants compete in Alcoholympics by drinking $9 beers at clubs/pubs or pour hard liquor into a mix and crowding the streets chanting things like "whoooooooooooooo Canada!" or "CA NA DA CA NA DA" over and over.

"I'm going to get at least a Bronze but Mark's 2010 Alcoholympic dream is over for tonight... cop just smell tested his Big Gulp and poured it out".
by TylerDurden44 February 22, 2010

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