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Party Panties 

(par • tee pan • teez)

n (plural) Those undergarments which one adorns their privates with when embarking on an outing which includes any of the following activities: heavy drinking and possible subsequent cigarette smoking, pole dancing, haggling and harassing of strangers, cocktail tricks (such as tying cherry stems in knots with one's tongue), apartment/hotel wall scaling for the purpose of breaking into room through window after loss of keys, canoodling with strangers (the stranger the better), disruption of the peace, shameless flirtation with the opposite sex (or any sex for that matter), bartender bribery and general mayhem. In severe cases, stripping and/or other varieties of nudity can be involved.
Put on your party panties! I’m comin’ to town!
Party Panties by Sar and Squeaks September 28, 2006
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party-hopping 

Going from one party to another party while progressively getting drunker and drunker at each party one attends
Mary: " Tod is having a party and so is Kails and Mo Mo. How are we going to decide which one to go to?"

Carla: "Lets just go party-hopping"

Mary: "Dope solution homie"
party-hopping by mz.z March 12, 2009

Party Hats

What girls call their nipples when they get hard from the cold.
Oh my gosh, it is so cold in here. I am getting Party Hats!
Party Hats by cat.c September 14, 2005

party warrior 

Assholes that come to parties to get drunk and start fights.
Here come the fuckin' party warriors.
party warrior by Laser and Blazer August 13, 2006

Party Champ 

Noun.
1. The life of the party.
2. One who parties excessively; one who is addicted to the fun of a party.
Verb.
3. To attend a party, with expectations of being the life of the party.

Misc.
4. A comedy group formed by Bryce Aguilar, Aaron Decator, Jay Ransom, and Curtis Alfaro.

1. "Dude, did you see Jimmy? He's the fucking Party Champ tonight!"
2. "Greg, I feel like I swallowed a dose of 'awesome', man."
"Dan, relax. You're becoming a Party Champ!"
3. "I'm going all out tonight. I'll see the little shin-dig and I'll be Party Champing like CRAZY!!!!"
4. "Have you heard that the Party Champs will be posting videos on their official MySpace, soon?"

party joint 

a female who tends to be a whore, slut, "jump-off"..
"man, this chick at my job is like a party joint.. they just passin her around"

"yo dog, leave her alone.. she's a party joint.. everybody done hit that!"
party joint by youngtippa March 18, 2009

party boots 

metaphorical footwear that indicates an individuals willingness or intent to engage in festive behavior or activities.
Shane has his party boots on and is ready to hit the club.
party boots by DJ Shortbus February 3, 2010