The pointless evening pursuit of kissing important butts to better ones employment prospects.
Networking, not for the purpose of work, but for the purpose of being seen by people you think are more important than yourself (but who are in fact schmoozing themselves through fear of being dropped by some important clique).
"Instead of having an orgy and enjoying it, you must come to the boringproject dinner and do some schmoozing with Mr X and Mr Y as it's important they know who you are"
A form of entertainment where the more experienced drinker takes a novice out to get them shitty drunk by buying them every drink the bartender can imagine. Commonly followed by calling the novice very early the next day to "see how their doin'" and deternmine if they were successfully schulzed.
We're taking the new girl in accounting out for a schulzing tonight, wanna go?