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...
Man, there's a pound party in my hall bar.