An event in which partakers consume copious amounts of alcohol and peanuts, exchange anecdotes, smoke various products, then drink some more. This is usually followed by Karaoke, in a contest where the most sober persons (if any) attempt to out sing each other using outdated but popular songs.
John: "Mannn I'm so bored, we should do something"
Bebot: "Tang ina, inuman nalang tayo!"
John: "That my friend, sounds like a plan!" *proceeds to liquor store to get San Miguel and peanuts*