An informal event when your homies come over to cheer you up after a failure in anything (relationships, work, fight with parents, finals, sickness). They may bring beer, pizza, ice cream, weed or whatever they know you love. You spend a night together, laugh over and talk about whatever takes your mind off the bad thoughts. As a result, you feel better and get over whatever failure you experienced faster.
I had a meltdown. Got much better after a session of homiopathy.
Man, you look terrible! Homiopathy! Stat!