An argument on an internet mesageboard that soon spirals out of control with everyone getting involved, and in the end no-one really knows what the argument was about !!!
Bin is short for BINNER which describes somebody who is a complete MOWTCHOPS. Ergo, a binfest is a festival of binners normally arguing the toss over something that matters not in the real world.
The sacredactivity which occurs every night when a group of humans named Whitney, Cody, Andy, Blake, etc gather together to get high, stare at walls in silence, and pass out.