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Red Panty Night

A night meant for celebrating a special occasion; hence, your wife will wear her red fancy panties to bed you.

This is a term introduced by UFC Featherweight Champion Conor McGregor, who is a large Pay-Per-View draw and, in turn, a large pay day for whomever fights him (win or lose).
"I can make you rich. I change your bum life. You fight me, it's a celebration. When you sign to fight me, it's a celebration. You ring back home, you ring your wife. 'Baby, we've done it. We're rich, baby. Conor McGregor made us rich. Break out the red panties.'" - Connor McGregor

"I just got a raise! Now we can finally afford that Honeymoon in Paris that you've always wanted. It's a red panty night, baby."
Red Panty Night by Tam.Burger April 16, 2016

Red Pasta Party 

When you have sex with an Italian girl, that happens to be on her period.
“I almost had sex with Theresa last night but once she took the tampon out it was a real Red Pasta Party

In A Red Party Cup

Similar to 'Thats what she said' but more sophisticated grown up, party slang. Used especially when alcoholic beverages are involved and they are disguised in red party cups.
*Party going on*

Sara: "...so then Ashliegh said to him, THATS TOO BIG!"

All: "woah! thats too big...IN A RED PARTY CUP!"

red party 

A political party attempting to use politics and loose organization to achieve Anarchism.
Visit their official web site at www.redparty.org.
red party by Tom Bobsmith January 8, 2004

code red party

When a group of guys or girls (Not both at the same time) go all the way with each other in a dark room with red lighting. There is usually leather outfits involved with the sexual play.
Hey Micheal, bring the red satan light light for the code red party.
code red party by Jsnsbsns August 26, 2019

Red panty night

This is a term relating to UFC drama queen Conor McGregor, who often behaves like a moody agressive woman on her period during the build up to the fight.
Once the fight is done, it feels like a weight has been lifted from your shoulders. No more unnecessary emotional drama / No more red pantys.
Im just pleased the fight is done and dusted. I really enjoyed my last red panty night. Its such a relief to put all that emotional crap behind me
Red panty night by Dustinpoirier January 6, 2022