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Party Ratchet 

A "Party Ratchet" is a person, usually a girl, who gets wild at parties. Basically getting ratchet, but that doesn't mean that they are ratchet in everyday life, Just parties (Ex: Dancing with everyone, getting hype, etc.)
Jessica: Nicole was getting dancing with everyone and gettin hella crazy at the party last night.
Brittney: Well girl, you know she is a Party Ratchet
Party Ratchet by HoneyPiink December 20, 2013
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Ratchet Party 

The gathering of socially undesirable people for the purpose of drinking, smoking and lewd dancing.
Sarah: Hey Jessica, were you invited to Starr's ratchet party tonight? Jessica: Starr knows not to invite me, I'm not a ratchet, I wouldn't be caught dead shaking my booty in front of others.

full panty ratchet 

when a girl is so ratchet she no longer needs to wear a thong or "cheeky" panties. she is able to wear full on granny panties and doesn't look any classier.
Check that THOT out, she is full panty ratchet. LOOK! she's jersey turnpiking!