A party event in which well dressed "Tea Party members" dip their tea bags into the multiple holes of a female member in the most elegant way possible. Essentially a fancy orgy.
I broke up with my girlfriend after finding out she had an Alabama Tea party with 5 guys.
Combination of "public server" and "fantastic".
The word is used for items or features that greatly improve the gameplay and balance in online multiplayer games.
"Man, that Orb in UT3 is pubtastic. It'll help the losing team to quickly get back into the game again!"