An impromptu party consisting of the drinking of Pabst Blue Ribbon and the smoking of gravity bongs. Originating in Newark, Delaware, this type of party is the ideal way for poor college kids to get wasted fairly quickly.
"Yo, man, what are you doing tonight?"
"Ah, I was thinking of getting the gang together for some Peebs and Geebs."
"Alright, hook me up!"
"Got five bucks?"
by Khora February 19, 2008

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