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When a party, gathering or rave becomes completely out of hand due to the pure horniness from the people attending. Where you find the "party" is no longer a party and borderlines orgy. People are drunk as hell, on the floor making out. Girls flopping tits out like it's nobody's business. Alcohol, sweat, saliva, sperm, pussy juice drips from the ceiling and there is no escape.
Example A: "Man what do think of this party?!"

"It's a gypsy fuckfest man!"

Example B: "Are you going to the party this Saturday?"

"Man... Have you seen the list of people going?! It's gonna be a gypsy fuckfest..."
by Hoooo-dini April 30, 2016
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