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2.
A party in which ketamine, ecstasy and GHB, K-E-G, are available instead of alcohol. The term is used in conversation around those not in the know about what kind of party you are really talking about.
"I'm gonna get goofed up, roofed up and drop inside a dark black hole at the KEG party!"

"I'm glad I brought my sunglasses to the KEG party."
by Belgium March 02, 2007
 
1.
A party involving many or one keg. Either can be a party with admission (everyone pays per cup or at the door for a bracelet) or a free party put on my a host who buys it
that keg party was awesome, too bad it was $10 to get in
by wegener March 06, 2007
 
3.
the coolest party held by the coolest guy in the whole wide world, Nikita.
-Yo, u going to that keg party on Friday?
-For shizzle
by Nickkkk April 01, 2006