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1.
A non-stop party often lasting days at a time.

It can change location as it runs out of supply (booze, smokes, pingers, etc.)
Jack: "Oi, let's have an invite all and chain party this weekend!"
Jill: "Sounds great. We'll go to your house first then mine after we run out of booze!"
by Jessica Sands November 09, 2011