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party liquor 

A myriad of intoxicating and potentially lethal "beverages", including bourbon whiskey, paint thinner, and turpentine. Made famous by Early Cuyler of Squidbillies.
Jim (opening a can of enamel thinner): Do you drink party liquor?

Jack (with a can of turpentine in hand): Hell yes!

Jim: Me too!!

(both then proceed to down their cans and get their lean on)
party liquor by MississippiDave November 16, 2009
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Party Poison 

A character played by Gerard way who has red hair, a yellow mask and yellow pew pew guy that shoots lasers.
he is an amazing person who is apart of the killjoys or heros of battery city. but he unfortunately died in the second video, sing. RIP
Girl1: OMG party poison die in sing!
Girl2:im never going to be able to look at anything red.
Girl1:me two
walking
Girl2:a red pencil case
Girl1:a red sigh
they both start crying
Party Poison by Party Poison RIP December 7, 2010

Party Nation 

When something is so badass that it's party nation. Not for use in speech, more like an exclamation. Usually followed by showing the party nation sign: Index and pinky finger extended (Rock-on sign).
*Golfing and get a hole in one* "Dude! Party Nation!"
Party Nation by Shmemrick June 15, 2010

party troll 

This girl can be identified from her attire, banter, and lack of alcohol/ skill of mooching alcohol off of people with lines including the phrase, "shots?"
Her clothes tend to be busty, but loose in the midriff region, the classic maternity shirt. In winter months they tend to have North Face Jackets and Ugg boots. If they by some weird chance of fate have alcohol it is in a handbag that costs as much as a small American car. Their alcohol of choice tends to be Vodka, but these girls are not limited to vodka.
Did you see the party trolls walk into that frat house?

Party trick

Something that is cool, but completely has no practical use
"Have you seen Tom's party trick? H ed can down 5 beers in 10 seconds."
Party trick by Fastdriver1227 January 30, 2019
A male who usually does something bizarre, crazy, obscene, and/or extremely stupid but funny at a party, therefore receiving the name PARTY GUY! from his fellow party people.
(Matt cracks a plank of wood using his head)

Everyone: PARTY GUY!!!!!!!!!!!!!
Party Guy by Party guy! June 19, 2009

Party Bunk

When both the top and bottom of a bunk bed are occupied by sexual activity.
Due to a scheduling error, Chris and Brennan had girlfriends over on the same night. Instead of seeking privacy, they both just decided to party bunk it.
Party Bunk by Rag Man April 19, 2011