An impromptu party consisting of the drinking of Pabst Blue Ribbon and the smoking of gravity bongs. Originating in Newark, Delaware, this type of party is the ideal way for poor college kids to get wasted fairly quickly.
"Yo, man, what are you doing tonight?"
"Ah, I was thinking of getting the gang together for some Peebs and Geebs."
"Alright, hook me up!"
"Got five bucks?"
And dying in yo' bed many years from now, would ya be willing ta trade all da days from dis here day ta dat fo' one chance, just one chance, ta come back here as young men an' tell our enemies dat dey may take our lives but dey will never take our freedom ... YUB NUB!