More recently used in UK/Europe to describe a sub group of Gay men who 'Party' at the weekends (on Illegal Drugs or Chems) and 'Queen' to describe their camp and effeminate way of behaving. Often reffering to themselves as 'wired' and usually looking for immdeiate self gratification. Party Queens are often self centred, narcissistic and egocentric.
Oh my God he's a real Party queen
I'm wired and up for it!