Top Definition
A gathering of people in an abandoned house with no bathrooms. Accordingly, the atendees proceed to shit everywhere while simultaneously snorting ketamine off the floor.
Chris: are you going to the phish after show tonight?
Casey: nah I think I'm just going back to boulder to do a whole mess of ketamine at my friends squatter party

Jimmy: Is that shit or ketamine on the floor?
Chris: I don't care I'm just going to snort it.
by JimoneOnTheThrone August 14, 2009
5 Words related to Squatter Party

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