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Keg Stand 

The act of slurping malted alcohol from a "keg" whilst chunding thine nasium.
"I have already enjoyed a 'keg stand' this evening, so there is no further need to chund my nasium."
Keg Stand by Push Latency August 15, 2005

Keg Stand, Floating 

Performing a handstand on a Keg of beer that is floating in a large body of water, i.e. a pong, lake or slow moving river. Usually the active Floating Keg Stander is supported by drinking companions who grasp his / her legs while placing both hands on the Floating Keg. Once the maximum amount of beer is consumed, the drinker is, of course, released into the body of water in which the Keg is floating.

I nearly drowned in beer and fresh water while performing a floating Keg Stand on Donner Lake. (Keg Stand, Floating)
Keg Stand, Floating by JWMP November 10, 2008

Koala Keg stand 

When one person piggybacks another, and then then person carrying the other places his or her hands on the keg, then a group lifts that persons feet into the air while the other is still latched on. The keg hose is then place into the mouth of the one holding onto the person, and drinks from the keg until their thirst is quenched.
Helena: "Hey Will, why don't you do a keg stand?"
Will: "No man, I just did one"
Helena: "Why don't we koala keg stand it, and i'll take the beer?"
Will: "Sounds good, jump on!"

Keg Stand, Floating 

Performing a handstand on a Keg of beer that is floating in a large body of water, i.e. a pool, pond, lake or slow moving river. Usually the active Floating Keg Stander is supported by drinking companions who grasp his / her legs while placing both hands on the Floating Keg. Once the maximum amount of beer is consumed, the drinker is, of course, released into the body of water in which the Keg is floating.
I nearly drowned in beer and fresh water while performing a floating Keg Stand on Donner Lake. (Keg Stand, Floating)
Keg Stand, Floating by JuicyBB November 10, 2008

chocolate keg stand 

While someone is performing a handstand, their legs are held up in the air while others count how long he/she can drink the beer that is constantly being poured into the anal crevasse of another naked person laying spread eagle on his/her back.
--Hey man do you remember last night when we were really drunk, and we did a chocolate keg stand?

Wait, what did we do?

chocolate keg stand by D P A November 14, 2006

keg stand 

A handstand on a keg. The act of guzzling alchohol in an inverted position in massive quantities, with onlookers cheering.
That recockulous mofo just did a craptacular kegstand.
keg stand by Batman April 12, 2002