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1.
a party where a bunch of teenagers or young adults get together with a lot of random pills.usually taken from parents medicine cabinets.
they put them all into a pile and every one takes a few. you dont know exactly what you take.
hey! since there is nothing to do tonight..lets all raid our medicine cabinets and have a skittles party!!
we will get messed up!
by Hayley2729 April 26, 2008
 
2.
A party (most likely at a fraternity house) where a girl is in each room and they have a different color lipstick on. Then a bunch of guys go into the rooms and get oral sex performed on them and when the men are done at the end of the night they can see how many blow jobs they have received by looking at the different colors of lipstick on their penis
Dude I went to a skittles party the other night and my dick looked like the color of the rainbow.
by EOE just for me July 05, 2010