Otherwise known as the Iroquois Steeplechase, a horserace held every year during the second weekend of May on the grounds of Percy Warner Park in Nashville, TN benefitting Vanderbilt Children's Hospital, but is usually an excuse for rich young people to gather on the infield and get massively shitfaced in broad daylight, thus not watching the horserace altogether
"Dude are you going to Steeplewaste this weekend?!"

"Hell yeah let's get fucked up!!!!"
by smoothieking11 December 28, 2010
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