An annual Saint Patrick's Day celebration held in Albany, NY. There are two ways one can go about celebrating kegs and eggs; the first is by going out at midnight to several different parties and develop a buzz untill the sun comes up. Upon sunrise you move to one of the many bars such as Chubby's, Michael's, Bogey's, etc. You then continue partying, drinking, and bathing in beer untill around noon.
The other form of celebrating kegs and eggs for pussies is to set your alarm clock and go out at 6 in the morning.
Guy 1: Hey man, when are you going out tonight for kegs and eggs?
Guy 2: I was going to set my alarm for 6
Guy 1: You're such a pussy