Diddy Party is just about P. Diddy who partied with yk what workers and underage people—and allegedly made everyone keep quiet about what happened. It also reportedly forced underage people to do sexual acts. Now it's sometimes a joke to name what a pedophile would do. Also being used to replace "No Homo."
Guy 1: "Bro ur kinda hot no diddy"
Guy 2: "Bruh you woulda fit right into the Diddy Party"
P diddy had 1000 bottles of baby oil in one of his mansions so you can only assume what goes on behind closed doors.
"48 hours with diddy is a 15 year old's dream" - P Diddy
Friend: Yo I just got invited to the diddy party!!! Gonna be soo many hoes gang u tryna pull up???
me: fuck no my g, there aint gon be no girls there! u tryna get lubed by diddy??