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A party that is throw involving smoking a pound of marijuana usually thrown after a major life accomplishment.
Bro 1: Yo bro whats good?
Bro 2: Not shit man, graduating college in 3 weeks.
Bro 1: Hell yeah whatchu bout to do?
Bro 2: Call up the crew and some bitches and have a pound party.
Bro 1: Fucking epic...
by BuckBro January 24, 2011
1. British slang; a party where most drinks only cost a pound (£).
Man, there's a pound party in my hall bar.
by Blast January 17, 2008