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2.
a gay sex party
He had a fuckin' great time at the sausage festival.

He liked the hot Italian one's best.
by laughingbuddha July 31, 2010
 
1.
term used to describe a surplus and disproportionate ratio of males to females at a social gathering; also shorted "Sausage Fest." is acceptable
"Man it's a damn Sausage Festival up in this joint ... let's go to another bar down the street."
by Dr. Slappy McGee III Esq. March 06, 2006