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1) A gathering of men (mostly married, mostly old enough to vaguely remember the original Pong) for the purposes of drinking heavily and playing videogames (of the modern PS2/Xbox variety, not ACTUALLY Pong).
2) The extension of this gathering to include other fun, errr, boorish activities such as viewing of pornography and/or visiting of strip clubs.
3) See #2 above, except without videogames and with women instead of men, clothing optional. (Hypothetical.)
Dude, you gonna come over to the Pong party this weekend?

Nah, man, I'm always down for some Madden, but you guys will probably have that weird Euro-porn with the guys with scuba masks on the other TV.
by Professor Frink July 08, 2005
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