When You Shove a balloon up your anus and you have a group of people try to catch it in their mouth as you push it out. Whoever catches it gets to be the balloon man.
Who’s ready for the balloon party later?
by THE ORIGINAL VI December 12, 2019
Get the Balloon Party mug.
Meaning that one is not pregnant; throwing a metaphorical party in celebration of getting your period instead of a baby.
Guy 1: So how did things go with Jessica? Is she pregnant?
Guy 2: Nah man, it's all good. We're throwing a red balloon party this month.
by surprisecomedy May 7, 2013
Get the Red Balloon Party mug.
When a guy anally penetrates a girl, and then leaves the semen-filled condom in her rectum.
So how's Cindy?
Fuck that slut, I party balloned her.
by T-Bo January 22, 2005
Get the party balloon mug.
1) A snake-skin like rubber, also known as a condom, that can be used to enjoy parties as much as you can with a special partner without risking the transmission of an STD.

2) A condom
"Thank God you brought a party balloon! Now I can get it on with that girl!"

Harold thought he was ready for his party with his, new shirt, alcohol, and swagger until he realized he forgot a party balloon.
by BrickTambland October 24, 2010
Get the Party Balloon mug.
Originating from an idea during lunch at a Sudbury high school, to party balloon is to blow up a condom that has just been ejaculated into and then popping it over the girl that you have just had sex with.
After listening to "Crank that", these faux ghetto kids thought it would be fun to invent their own version of supermaning a hoe. They decided that upon the completion of sex, they would blow up the balloon and pop it over their recently laid counterpart. then one gangster exclaimed "yo we should call that party ballooning" and then it was added as the 11th commandment.
by Drama King December 17, 2007
Get the party balloon mug.
When women (or men) get together to show off their breast implants.
Brenda: Hey Becky, are you going to the balloon party this weekend?

Becky: Of course, I can't wait to show these puppies off!
by Circa 9 April 8, 2016
Get the Balloon party mug.