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Peanut Butter Party

The act of smearing peanut butter all over oneself and proceeding to have a 15 hooker gangbang.
I had a Peanut Butter Party last night and it was phenomenal!

Polish Peanut Butter Party

a anal sex session dedicated to shitty anal.
hey girl, how does a polish peanut butter party (PPBP) sound?

party butter 

Cake frosting when it is applied to anything but cake.
Did you see how much party butter I fit onto that cookie?
party butter by xfinitex May 6, 2007

Butte Party 

A social gathering occurring in the southwestern Montana town of butte where males gather to pursue the carnal pleasures given by swamp donkeys, bridge trolls, and dragons. These mythical creatures, although rarely seen, are also known to the rest of the world as women or butte queens. Another defining aspect of the butte party is that all involved, are safely inebriated and in bed by 10:00 PM. On a side note the ratio between guys to girls is somewhere between the range of 5 and 12 to one.
Dude everyone here is dudes and they're all really drunk it must be a butte party.
Butte Party by suicidalengineer September 11, 2010

Better Party Syndrome 

More commonly known as BPS. This is a condition common in teens and college age persons in which one is perpetually unsatisfied by a given party, get-together, hoedown, blowout, rage, and/or shindig regardless of the actual quality of said event. This results in an inexplicable and insatiable desire to search for a superior party, thereby insulting the hosts and annoying all of their friends.
Sally and all of her friends are at a swinging high school get-together. Everyone is enjoying themselves; everyone that is... except for Sally.

Sally: Hey, so what's Billy up to tonight?
Friend X: Billy? I dunno. (while taking a shot)
<one minute later>
Sally: I just texted him! He says he's having people over. We should go!
Friend X: Why?
Sally: I don't know. I'm bored. Let's check it out. (looking nonchalant)
Friend X: Ugh. Fine. (turning to Friend Y) We're going to Billy's.
Friend Y: Looks like another night ruined by BPS (Better Party Syndrome).

Bitter Party of One

an individual who sulks in a corner after being caught in an embarassing moment; someone who has been served and cries about it.
Troy showed up to the party with Meg and his ex-girlfriend Lisa saw them. Now Lisa is having a bitter party of one.

Bitter Party of One by ELELE October 7, 2007