A gathering with the purpose of mass suicide, usually by members of a cult.

The phrase comes from the November 1978 mass suicide of the members of the Peoples Temple Agricultural Project, colloquially known as "Jonestown", in Guyana. Over 900 people died from ingesting Flavor Aid, a powdered drink mix similar to Kool-Aid, laced with cyanide and other chemicals. This is also the origin of the phrase "Drink the Kool-Aid".
"The Mayan calendar says the world is going to end. Let's have a Kool-Aid party!"

"Those jerks at the Westboro Baptist Church need to go have a Kool-Aid party."
by ToborTheMighty September 20, 2012
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a sarcastic name for the final gathering of a religious sect on which they all commit suicide by drinking poison usually mixed with some kind of water-soluble fruit drink (not specifically Kool-Aid), perhaps to soften the taste. They all drink poison, lay down and die.
The jonestown massacre was one hell of a kool aid party.
by sayoko bizen December 24, 2007
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A congregation whereby people consume flavoured cordial spiked with LSD
Everyone who went to the kool-aid party that night ended up tripping until Monday
by grubbylove October 5, 2005
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Another word for a bar or club with excessive amounts of alcohol. A place were people usually come to get intoxicated. Kool-aid is another name for an alcohol beverage.
A fight broke out at that kool-aid party last night.
by Jon Thomas October 3, 2005
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A party with no alcholic beverages.
Last time them boys got to fightin' after they got drunk at the party, so my party is going to ge a kool-aid party.
by TheChurchKid September 13, 2009
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