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No pants party 

A party in which all attendees are required not to wear pants or anything below the waste. On occassions when underwear is not allowed, it is strongly suggested that a protective plastic covering be placed on all sofas and chairs for the duration of the party.
Welcome to the No Pants Party, Panos, drop your drawers and find a friend!
No pants party by Deac Hungus November 22, 2005

Yoga Pants Party 

To throw a party that consists of all the women wearing yoga pants.
Chris- Hey bro, lets have a yoga-
Ty- Yoga Pants party??!?!! I'm Down! Dank Dank!

Fat Parts Skinny Parts 

“Do you like winning?” - Daniel Hunt
“Yes.” - Every human being
“Then you should play Fat Parts Skinny Parts, it’s the game where everyone wins.” - Daniel Hunt

pants party 

party where people have sex in each others pants
"let's have a pants party"
pants party by sue May 13, 2005

pants party 

Party without clothes. Admittedly, even the most extreme pants parties are "pants optional". But seriously: NO SHIRTS!
Dude: You're invited to my pants party.
Dude 2: That sounds a bit gay
Dude: Don't worry, pants are optional. Just don't wear a shirt. Really: NO shirts.
pants party by TreeWeezel May 9, 2011

pants party 

An event that brings together a collection of exceptional, sextastic individuals dedicated to make one night...one of the most awkward and amazing nights in the history of mankind and THE UNIVERSE!
The Pants Party (especially 2 and 4) were quite possibly the best ever.
pants party by Chazz Rockwell December 12, 2006