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1.
A social gathering distinguished by extreme amounts of alcohol, drugs, hooking up and/or general debauchery.
"You really should have stayed for poker yesterday-- Akshay broke out the JWB and we ended up having a ragefest."
by Rachel S February 09, 2006
 
2.
A Gathering Of Friends in Which They Beat Each Other Excessively And Film The Act
Nick Took Part In The Rage Fest Yesterday In Which Andrew Got A Bloody Lip
by Nick Cormier December 24, 2005