The act of doing a handstand on a keg while guzzling down a mass amount of said keg's contents through its hose-like dispenser. There is a common myth that by being positioned upside-down during the consumption of beer, the alcohol will reach the brain more quickly (this is anatomically possible given that the beer must reach the stomach first). The person performing such an act is typically physically supported by many intoxicated friends.
I just did a keg stand and now I'm horribly drunk.
I tried to hold my hands in place during the keg stand, but I got some beer up my nose, so my hands slipped and I very nearly injured myself.
The act in which a standing man simultaneously performs fellatio and supports the legs of a woman doing a handstand over another man's genitalia. At the same time, the woman performs fellatio on the second man who is typically laying on his back.
A drinking activity in which the participant is propped on top of a seated keg in a handstand-like position and must drink as much of the alcohol from the keg as he can before he is out of breath from drinking without breathing or those supporting him can no longer support his weight.
Keg-stands are a very typical college party/ frat party type activity, and can be parts of hazing.
Damien took a two minute keg-stand and his face went purple.
Trinity almost fell off of the keg during her keg-stand because one of her friends was too drunk to support her leg.