noun...A form of entertainment at a party where the party is the entertainment. As the night progresses the mastorakis usually becomes more outrageous, wild, immoral, and secretive between the party goers remaining.

Originally referred to the outrageous parties thrown by the famous Greek director Nikos Mastorakis. People would show up and become spectators at his elaborate parties at this palatial mansion on a Mediteranean island.
Sit down, shut up, and enjoy your mastorakis!

or

Haven't you had enough mastorakis yet?

or

Did you see the mastorakis that went on in the hot tub?
by JennOaz February 4, 2010
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