When the most popular girl or boy makes fun of you then she gets expelled from school or falls down the stairs. You and your friends decide to throw a party celebrating her failur. Call it a Karma Party.
by BubbleWrap9817 May 18, 2015
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What you have to build up(through restraint and abstinence) before a big night to truly be 'off the hook". .

Conversely, what you have spent too much of if you wake up from a bender feeling guilty and depressed saying you will never drink/party/indulge again.
Kai: My b-day is gonna be so smack, I haven't been out past 9:00 in over a month!

Jesse: Daaamn son, you been building up some serious party karma.
by yogadude January 20, 2011
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When all of your alcohol gets stolen at a party, you are allowed one night of snaggin a couple beers from some randos, guilt-free.
Dude, ALL my beer got stolen last night.... its just party karma
by inkyouboss February 25, 2011
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