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1.
(verb) To appear at a number of different parties or venues during a given a night. To travel from party to party throughout a neighborhood or city.
First I'm going to start drinking at Kristy's place. Then I'm going to head to the house party on Wilford. I think I'll probably end up at Mike's party too. I'm going to paint the town!
by B-Legit159 November 26, 2008
 
2.
to have a good time.
to go all over the town
to paint it with your body heat.
"hey becca i have to go paint the town"
"oh, thats cool i guess...?!"
by becca and amanda November 15, 2007