A party that occurs between the 1st and 15th of each month, often in the summer. All the welfare recipients in the neighborhood come together and groove to car stereo tunes outside, while their children are running around with nobody watching them, shoeless, and fighting with sticks. For a real shindig all the food stamp (EBT) cards are pulled together for porterhouse steaks, delicate shrimps, and the most elegant cheese balls you will find. Of course followed up by "red" Kool-Aid, natural ice, and watermelon.
Keke: Daddy can we go over to Deedee's house she is having a cookout.

Dad: (glances at the calendar), shit you ant goin to that welfare party!

Keke: Awww daddy why not? They got more food over there than we've had all month.

Daddy: ohh alright, but bring me back a plate!
by RebeckaxRosexWicker May 20, 2009
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