Top Definition
A place that looks calm from the outside, but is where the party is always at! The girls there are the hottest, the music's the funkiest, and the beer never stops flowing.
Cool Guy #1: Where you goin?
Cool Guy #2: Dude! The Party Palace 121.
Cool Guy #1: Wow that's totally sweet, can I come?
Cool Guy #2: I dunno, can you handle non-stop party and chillaxin action?
by ThePartyDude March 27, 2005

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