An Asscalade is an oversized useless vehicle driven by stuck-up bitches and pompous ass-holes who think they own the road. These drivers will also cut you off, usually without a signal, because they think they own the road.
An escapade but involving people who are general asses. Escapades are cool, but the presence of asses turns it into an asscapade, which is decidedly not cool. Note that normally cool people can turn into asses when drinking, thus making any outing an asscapade.
Sharon:I was going to go to movies, but with Bob and Dylan there its going to be a total asscapade
A place where asshaberdashers go to knock back a few drinks, shoot some stick, listen to music, etc. while still acting like total butt wagons with no fear of being 86ed for their obnoxious behaviour.
{asshaberdasher #1}: Hey, let's go to the asscabaret tonight and get totally shitfaced.
{asshaberdasher #2}: Sounds like a plan, butt monkey! Let's go!!!