a combination of the words "sexy" and "party", which means to have a sexy party with a group of people, generally of the opposite sex
It's time for a friggin spaxy.
A word which is a combination of "spa" and "xy."
"Spa" meaning "soda fountain," (Eastern New England) and "xy" meaning a normal complement of sex hormones in a male (genetics)
A person is said to be Spaxy if they are male and have a personality which is almost too bubbly.
Cody speaks like he is an announcer for the Price is Right and hits on anyone with a pulse (usually by trying to initiate an inappropriate pants-off-dance-off) only to go home to Palmela Handerson, that boy is Spaxy.