A party involving many or one keg. Either can be a party with admission (everyone pays per cup or at the door for a bracelet) or a free party put on my a host who buys it
A party in which ketamine, ecstasy and GHB, K-E-G, are available instead of alcohol. The term is used in conversation around those not in the know about what kind of party you are really talking about.
"I'm gonna get goofed up, roofed up and drop inside a dark black hole at the KEG party!"
"I'm glad I brought my sunglasses to the KEG party."
An situation which is generally in MMO/RPG's where the gameplay is based on the consumption of Health/Mana/Status of your Choice potions or the players find themselves with an excess collection of potions to the point where they could hold a Keg Party, invite all their mates and imitate a Beer Keg Party.
"I got so many Health Potions left over we could throw a Potion Keg Party, invite our entire guild and get wasted!"
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.
Man, I just watched the funniest nutshot video ever.